Visa is not with Dreamfolks any more.
Had beaten competition and taken market share from them in India.
Growth Drivers
- Credit card circulation increased by 18% in Dec 22 YoY.
- Airport traffic is increasing by 10-15% per annum.
- Conversion rate of air passengers is 5%, internationally it is 12%
- Lounge space increase.
Disclosure – Not Invested. Not sure if valuation is right.
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