After Hyderabad, Swedish Furniture Giant IKEA Set To Launch Another Mega Store In Navi Mumbai On 18 December

Betting big on its prospects in India, Swedish multinational conglomerate IKEA which specialises in making and selling furniture is set to open its second physical outlet in India in two years, after the first one came up in Hyderabad in 2018, reports Business Standard.

The all-new store entails a massive area of over 5 lakh square feet and it will offer a range of 7,000 products.

The company has also stated that Mumbai is one of its top priority markets in India where it is experimenting with a hybrid model which includes small, large and e-stores to ensure the brand could reach consumers easily. The company aims to take its learnings from Mumbai to other megacities in the country.

It should be noted that its first megastore in Hyderabad was visited by 40,000 people on its very first day.