DreamFolks, India’s largest airport services aggregator, announced its strategic expansion into the Southeast Asian market.
As part of this expansion, DreamFolks established a regional office in Singapore, demonstrating its commitment to the market. The company also bolstered its leadership team via the hiring of the senior vice president for international markets Adib Kangda, a seasoned professional with extensive knowledge of the local market dynamics.
Driven by technology
According to chairperson and managing director Liberatha Kallat, the expansion marks a milestone in the company’s journey to redefine travel experience on a global scale. Kallat said: “We’re not just entering new markets; we’re bringing our vision of seamless, technology-driven travel experiences to one of the world’s most dynamic regions. This area represents immense opportunities for growth and innovation in the travel sector.”
Liberatha Kallat commented on the expansion, “We are excited to announce our entry into Southeast Asia. This is a major milestone for our company, and we are confident that our technology solution will benefit all our stakeholders through which passengers will enjoy a convenient and secure airport experience, lounge operators will be able to improve footfall at the lounges, and airports will be able to improve customer experience.”
The secret to success
DreamFolks’ success stems from its cutting-edge in-house technology, which empowers banks and card networks to significantly enhance their card value propositions. This technology helps boost sales, drives loyalty, and optimizes costs for these financial institutions. This tech-driven approach has been key to DreamFolks’ success in India and will continue to fuel its expansion into other geographies.
Expanding markets
With the inclusion of Southeast Asia in its portfolio, DreamFolks’ global footprint now covers more than 3,000 touchpoints across over 100 countries and 500+ cities, serving millions of travellers annually. This extensive network positions DreamFolks uniquely to offer unparalleled service to its clients and their customers in the new markets.
Building on its success in the Indian market, DreamFolks is now poised to bring its innovative service aggregation model to the Southeast Asian market with services like airport and railway lounges, e-SIM: travel SIM cards, meet and assist services, airport transfers, golf privileges and more to their customers.”
DreamFolks is India’s leading airport & travel services aggregator and provides an in-house proprietary technology platform that allows its clients such as Banks, Card Networks, Airlines, OTAs, and Enterprises to create custom offerings for their end consumers. DreamFolks today manages the lounge and other benefits for most of the top Banks in India and enjoys a market share of over 90% in the domestic lounge access market for India-issued debit and credit programs. The company went public in Sep ’22 with listings on both BSE and NSE and has a global footprint extending to 1,500+ touchpoints in 100+ countries, across the world.
