DreamFolks Services IPO - Dominant Player In Airport Lounge Aggregation Industry In India: ICICI Direct
DreamFolks Services IPO - Dominant Player In Airport Lounge Aggregation Industry In India With Strong Tailwinds: ICICI Direct
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ICICI Direct's IPO Report
DreamFolks Services Ltd. is a dominant player and India's largest airport service aggregator platform having a unique, asset light, capital efficient business model.
DreamFolks' provides services to all the card networks operating in India including Visa, MasterCard, Diners/Discover and RuPay and many of India's prominent card issuers including ICICI Bank Ltd., Axis Bank Ltd., Kotak Mahindra Bank Ltd., HDFC Bank Ltd. and SBI Cards and Payment Services Ltd.
DreamFolks has 50 clients as of March 2022. It has a global footprint extending to 1,416 touchpoints in 121 countries across the world out of which 244 touchpoints are in India and 1,172 touchpoints overseas. With 100% coverage across all 54 airport lounges operational in India, DreamFolks has gained market share of over 95% of all India issued card based access to domestic lounges in India.
In FY22, DreamFolks facilitated access to 35.3 lakh out of 52 lakh passengers accessing lounges in India (i.e. ~68% total share).
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