DreamFolks has acquired a 60% stake in Dubai-based Easy to Travel (ETT), investing approximately $4 million.
India-based DreamFolks, an airport services aggregator, said the move strengthens its international presence and helps work towards its vision of a “building a global experience ecosystem.”
ETT provides access to airport loungers and other airport services through contracts with lounges, currently operating in over 120 countries and 500 airports globally.
“With ETT’s extensive airport services network, advanced tech stack and strong global partnerships, this collaboration marks a major milestone in delivering seamless, premium travel experiences across the world,” DreamFolks wrote on LinkedIn.
In a corporate disclosure letter, DreamFolks emphasized that the ETT acquisition is expected to expand its global lounge business and bolster its market position outside of India.
“It elevates the company’s competitive edge by combining ETT’s advanced technology with DreamFolks’ agile platform. It also aligns with Dreamfolks' other strategic pillars i.e. client diversification and new services expansion, thereby unlocking fresh growth avenues. Overall, this consolidation is poised to boost financial resilience and deliver a superior customer experience worldwide,” DreamFolks wrote.
In September, DreamFolks announced that it had discontinued airport lounge services in India amid airport operators’ interest in offering direct access.