Ikea Looking for Next Phase of Investment in India

Swedish furniture retailer Ikea, which is starting online sales in Delhi-NCR and nine other markets this week, is looking for the next round of investments in India and will move to profitability after expansion, said its India CEO Susanne Pulverer.

- Press Trust of India

NEW DELHI:

Ikea is planning to have two full-size stores in Delhi-NCR, at Gurugram in 2026 and Noida in 2028.

It also plans to open physical stores in Chennai and Pune in the next phase after having operational stores in Hyderabad, Mumbai, and Bengaluru.

After entering these six key metro markets, Ikea will work on its next phase of its journey for the country, where it will expand with smaller stores and an omni-channel strategy.

Pulverer did not specify any timeline for Pune and Chennai stores but said Ikea would be there in a couple of years. In Pune, Ikea is already available through online sales.

"The physical expansion has to complement e-commerce at Pune, and Chennai is the market we have not opened. These are together with the continuing Bangalore, Hyderabad, and Mumbai, which are in the growth phase of the next four or five years," Pulverer said.