DreamWorks has entered into a strategic expansion into the Southeast Asian market.
This milestone marks a remarkable step in DreamFolk's mission to redefine travel experiences on a global scale. Over the past 12 years, DreamFolks has revolutionized the airport service system in India by offering a comprehensive suite of premium services through its proprietary technology platform. The company dominates the Indian domestic lounge access market for debit and credit card programmes, boasting an impressive 90% market share and partnerships with most major banks and card networks in the country. The company went public on September 22 with listings on the Bombay Stock Exchange and National Stock Exchange. 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.
As part of this expansion, DreamFolks has established a regional office in Singapore, demonstrating its commitment to the market. The company has also bolstered its leadership team by onboarding Adib Kangda, Senior Vice President of International Markets, a seasoned professional with extensive knowledge of the local market dynamics.
Liberatha Kallat, Chairperson and Managing Director of DreamFolks, commented on the expansion and said, “Our expansion into Southeast Asia marks a significant milestone in DreamFolks journey. We are not just entering new markets. We are 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. With our proven track record in India, we are confident that our unique service aggregation model will resonate strongly with banks, card networks and enterprises across the region. By entering the Southeast Asian market, we will introduce market-first card innovations and prominently save costs for our clients. Our focus is on delivering tangible;e benefits for our clients, ensuring they experience enhanced value and efficiency".
This expansion is expected to benefit clients and travellers in the region; by offering its advanced technology solutions, DreamFolks aims to help banks, card networks, and enterprises optimize their offerings, enhance customer loyalty, and streamline operations. For travellers, this means access to a broader range of premium services and a more seamless travel experience. This expansion not only marks a new chapter in DreamFolk's journey but also promises to elevate the standards of travel services across the region. The company's global footprint now extends to over 3000 touchpoints across more than 100 countries and 500+ cities, serving millions of travellers annually. This extensive network positions DreamFolks uniquely to offer unparalleled service to its clients and therapists in the new markets.
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