DreamFolks Services IPO: Key details to know

DreamFolks is India's largest airport service aggregator platform. The company has a technological platform where its clients (card issuers, airlines, and other airport service providers) offer a range of services that customers can choose according to their needs, such as lounges, food & beverage, spa, meet & assist, airport transfer, transit hotels, and baggage services. The image below explains the company's business model perfectly: DreamFolks operates in all the airport lounges in India, has a 95 per cent market share in card-based access to airports, and accounts for 68 per cent of all lounge access volumes in India. The company is present in 1,416 touch points with 244 in India and the remaining overseas. The company has tie-ups with all five card networks, all major card issuers, and also with prominent airline companies. The number of air travellers in India is expected to grow at 36 per cent CAGR from 2021 to 2025. The 44 per cent growth witnessed between 2016 and 2019 is an example of that. This, combined with ease of access and facilities provided, is expected to increase the number of people who use lounge services. Strengths: 1) Market domination: DreamFolks is In