DreamFolks Services Partners with RedBeryl to Redefine Luxury Experience

On April 18, 2024, DreamFolks Services Ltd informed the stock exchanges that the company made a strategic partnership with RedBeryl to provide luxury experiences to its customers.

Details of the Partnership

The tech‐enabled global travel and lifestyle experience company, DreamFolks, announced a strategic partnership with RedBeryl who is a prominent company in offering luxury lifestyle and personalised services. This collaboration marks a noteworthy milestone in redefining the luxury experience for customers all over the world.

The company stated that this strategic alliance aims to enable DreamFolks’ customers, which includes card networks, banks and enterprises, the opportunity to improve their customer value proposition. Through this alliance, customers can enjoy access to more than 3,000 exclusive members‐only clubs across over 150 countries and front-row seating at prestigious international sporting events like the Wimbledon, Olympics, World Cups and Champions League.

Furthermore, this partnership provides luxurious stays at more than 15,000 premium hotels in the world, exquisite dining experiences at acclaimed international venues and Michelin-star restaurants and elite mobility options, including yachts and private jets. Also, the partnership offers tailored health and wellness solutions with renowned fitness chains and experts.

DreamFolks Services stated that all these services would be offered via co‐branded cards, which represent not only a symbol of prestige but also a gateway to a world of unmatched luxury and exclusivity.

The CMD of DreamFolks, Liberatha Kallat, said, “We are elated to unveil this strategic partnership with RedBeryl, marking a pivotal moment for both companies.”

She further added, “Having built and democratised the airport lounge industry, we aim to redefine the luxury experiences industry through the integration of RedBeryl’s luxury services with our expertise in travel and lifestyle solutions, ensuring that our members receive unparalleled service and sophistication.”

The founder and CEO of RedBeryl, Mr Manoj Adlakha, said, “We are delighted to have this strategic partnership with DreamFolks and to unravel more exquisite experiences for customers. The pursuit of luxury is an unwavering celebration of the art of living. It involves meticulously orchestrating every facet to create extraordinary experiences that leave an everlasting impact. With RedBeryl and DreamFolks co‐branded cards, our commitment to continue crafting these exquisite moments and experiential luxury will unfold in several bounds”.

About DreamFolks Services Ltd

DreamFolks is the leading travel and lifestyle services aggregator in India. The company offers an in‐house proprietary technology platform that allows its clients, including card networks, airlines, banks, enterprises and Online Travel Agencies (OTAs), to create custom offerings for their end consumers.

On April 18, 2024, the share price of DreamFolks Services Ltd opened at ₹525.00, touching the day’s high at ₹531.90, as of 12:30 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.