IKEA (an acronym for the founder's name: Ingvar Kamprad, the name of his farm, Elmtaryd and his home town Agunnaryd) is a global phenomenon and IKEA India was a phenomenon just waiting to happen. Founded in 1943 by a 17 year old Swedish boy, the company has become known for it’s innovative, easy to assemble, trendy furniture. IKEA has about 415 stores in 49 countries and now it has one more: the brand’s flagship store opened up in Hyderabad.
Because of curbs on foreign investment into India until recently, IKEA has only now set up shop in India. After the massive Hyderabad store spread out over 4 lakh sq. ft., the company has plans to open stores in Mumbai, Bangalore and suburban Delhi. The excitement among IKEA employees as well as store visitors was really high when the store opened its doors for the first time on 9 August 2018.
Do you have something interesting you would like to share? Write to us at [email protected]
