IKEA to go online next year, to open its first India store in Hyderabad

The company has invested Rs 10 bn on its Hyderabad facility

Swedish home furniture giant Ikea will be launching online sales in this country when it opens its second India retail store in Mumbai next year.
 

The company’s first India store — a 400,000-sq ft facility of four floors in addition to two floors of parking in Hyderabad’s IT hub — is getting final touches. 
 

It is set for a formal opening on July 19, almost six years after the firm announced a Rs 105-billion foreign direct investment in the country. The firm has invested Rs 10 billion in its Hyderabad facility.
 

During a preview of this store on Wednesday, Ikea’s