Global furniture retailer Ikea is looking for the next round of investments in its priority market India as it enters the second phase of growth, its India CEO Susanne Pulverer said.

Ikea is gearing up for its next phase of growth in India, focusing on Delhi-NCR. The retailer plans to open both small-format stores and bolster its online presence. Despite challenges like expensive land and high interest rates,

The company's CEO for India, Susanne Pulverer, revealed plans to open smaller format stores and enhance its online presence. These new outlets will range from 30,000-70,000 square feet, and will be located near existing or upcoming large-format stores in the country.

The holistic project is expected to generate employment for over 9,000 youths, and boost the state's economic growth

Global furniture retailer Ikea is looking for the next round of investments in its priority market India as it enters the second phase of growth, its India CEO Susanne Pulverer said. Ikea will open small-format stores with a retail area of 30,

Ingka Centres, part of the Ingka Group which also includes IKEA Retail and Ingka Investments, said that it will be investing close to ₹5,500 crore to set up its second meeting place in India at Noida under the Lykli brand The company on September 9 unveiled its second meeting place in India,

These mini stores are expected to focus on specific product categories, accessories and planning services in contrast to the larger stores which are a one-stop destination catering to all needs of a consumer from shopping to dining and a playroom for kids.