Dreamfolks Services share price surged over 10 percent on September 6 as the travel and lifestyle experiences company plans to launch the highway dining for travellers.
Dreamfolks shares witnessed sharp uptick with the share price rising to day's high of Rs 522.15 apiece on the NSE, rising 10.63 percent from its previous close. The stock had opened with a gain of 4.67 percent in today's session. The uptrend in the stock was witnessed after the share fell for two days consecutively.
In the last one month, the share price rose 11.33 percent on the BSE.
Commenting on the launch, Liberatha Kallat, Founder and CMD of DreamFolks, said: " As we continue to identify opportunities to enhance the travel experience across multiple touchpoints, expanding our offerings to highways is a natural progression. This new service reflects our vision of creating seamless and elevated travel experiences at every mode of the journey."
The new offering marks DreamFolks’ expansion beyond airports and railway stations to provide enhanced convenience for highway travellers. The new service will be available at over 600 outlets along key highways across the country.
The company, in an exchange filing, said: "DreamFolks members can now enjoy specially designed meals at popular restaurants on more than 60 key highway routes emanating from major cities, including Delhi, Mumbai, Bangalore, Hyderabad, Chennai, and Kolkata. The service offers travellers a seamless, hassle‐free dining experience while on the road."
The business model of Dreamfolks Services is asset-light and integrates global card players, credit card and debit card issuers with airlines and various airport lounge operators. It also manages airlines' loyalty programmes. Dreamfolks has also bagged contracts from Indian Railways to offer similar services at stations.
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