Swedish furnishing major IKEA to bring in funding arm, expand retail biz

The Ingka Group has deployed the first tranche in opening IKEA stores in Hyderabad, Bengaluru, and Navi Mumbai apart from some smaller city stores in Mumbai

Swedish furnishing major IKEA, part of the Ingka Group, is inviting its investment arm — Ingka Investments — to India, according to sources aware of the development . The move suggests that the group is looking at India as a priority market.  

The areas of investments being considered by Ingka Investments could range from taking stake in companies across sectors such as renewables, recycling, real estate, and software which synergise with IKEA’s broader retail requirements. The investment arm has so far made just one  minority equity investment in India, in start-up LivSpace — a one stop shop for all interiors —