DreamFolks Services Limited has approved an investment of approximately ₹36 crore (around USD 4 million) to acquire a majority stake in Dubai-based ETT Solutions DMCC as part of its strategy to expand its global footprint and strengthen its technology-led travel and lifestyle services platform.
The decision was taken by the company’s Board of Directors at a meeting held on December 1, 2025. The investment will be made through a combination of secondary purchase of shares from existing shareholders and primary subscription to newly issued shares, resulting in DreamFolks acquiring an aggregate stake of 60.24% in ETT. Upon completion of the transaction, ETT Solutions DMCC will become a foreign subsidiary of DreamFolks.
ETT Solutions DMCC, which operates under the brand name “Easy to Travel,” is engaged in providing access to airport lounges and fast-track airport services through contractual arrangements with airport lounge operators. The company aims to enhance the airport experience for leisure and business travellers across more than 120 countries and over 500 airports worldwide, with operations spanning the UAE, the UK, Turkey, Hong Kong and Singapore.
According to audited financials for the year ended December 31, 2024, ETT had a share capital of AED 50,000 and no operating revenue, with a loss of AED 0.5 million. However, provisional results for the ten months ended October 31, 2025 show a turnaround, with turnover of AED 7.6 million and a profit after tax of AED 0.8 million.
DreamFolks said the acquisition does not fall under related-party transactions, and that neither its promoters nor promoter group entities have any interest in ETT. The transaction will be carried out through cash consideration, to be settled in tranches via authorised dealer banks.
The acquisition is subject to certain procedural and regulatory clearances, including filings under the automatic route for overseas direct investment in accordance with FEMA regulations, and registration of share transfers with the Dubai Multi Commodities Centre Authority. The company expects to complete the acquisition within 120 business days.
According to DreamFolks, the strategic investment will support geographical expansion, client diversification and technological integration. The combination of ETT’s technology capabilities with DreamFolks’ agile platform is expected to strengthen its global lounge business, enhance competitiveness in markets outside India and unlock new growth opportunities, while also improving financial resilience and delivering a superior customer experience worldwide.