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The partnership aims to improve the travel experience for passengers crossing borders. DreamFolks' clients and their customers will now have access to Grey Wall's range of lounges and services in Russia through DreamFolks' tech platform. This collaboration will provide seamless access to approximately 100 lounges in key airports and railway stations throughout Russia. Additionally, Grey Wall can leverage DreamFolks' extensive client network to increase traffic at their lounges. The partnership seeks to combine premium amenities and efficient services to enhance travel standards.
The partnership includes coverage across Russia, encompassing key locations such as Moscow, St. Petersburg, Sochi, Minsk, Kaliningrad, Yekaterinburg, Vladivostok, and Novosibirsk.
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.
The company reported 20.4% increase in consolidated net profit to Rs 17.85 crore on 65% jump in revenue from operations to Rs 282.49 crore in Q2 FY24 over Q2 FY23.
Shares of Dreamfolks Services rose 2.86% to Rs 553.10 on 29 November 2023.
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