Thursday, September 23, 2021
HomeNewsIKEA Launches Its Online App for Android & iOS in India!

IKEA Launches Its Online App for Android & iOS in India!

Ikea on Thursday launched a mobile shopping app in India to expand its customer base. The company’s decision to launch a mobile shopping app is dedicated to expanding its business in India – a country that it considers to be a major market for the business.

The app has also been launched by the company following the second wave of Covid-19 after delays in plans to build large stores in some parts of the country. The app will help the company expand its online presence in India.

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IKEA launched its Mobile Shopping App in India!

Ikea on Thursday launched a mobile shopping app in India to expand its customer base. The company’s decision to launch a mobile shopping app is dedicated to expanding its business in India – a country that it considers to be a major market for the business.

The app has also been launched by the company following the second wave of Kovid-19 after delays in plans to build large stores in some parts of the country. The app will help the company expand its online presence in India.

IKEA-launched-its-Mobile-Shopping-App-in-India
IKEA-launched-its-Mobile-Shopping-App-in-India

What is IKEA?

IKEA is a multinational conglomerate of companies – founded in Sweden – that sells ready-to-assemble furniture, kitchenware, and household items. IKEA is the world’s largest furniture company with over 400 stores worldwide, selling affordable household items to millions of customers.

It was started in 1943 by Ingvar Kamprad, who was then 17 years old in Sweden. The company is opening its first store in India on Thursday. IKEA will provide Nordic-inspired furniture to its customers. The store will also have a large restaurant that can seat around 1,000 people at a time.

The IKEA store, a 13-acre campus, is located in Hitech City, on the outskirts of Hyderabad. IKEA’s Hyderabad store will have a range of 7,500 items to sell. Of these, around 1,000 items will be sold for less than ₹ 200. The company plans to open 25 such stores across the country by 2025.

Who Owns IKEA?

Stitching INGKA Foundation, IKEA is a brand consisting of two different owners. INGKA Holding B.V. IKEA owns the group, which is the holding of the group. At the same time, this stitching is with the INGKA Foundation, which owns the entire group.

What is IKEA Famous For?

IKEA is one of the best-known and most successful domestic furniture companies in the world. This Swedish company also sells a wide range of home furnishings and interior design items. They are famous for their modern designs, environmentally friendly products, low prices, and flat-pack furniture.

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What is the Net Worth of IKEA in 2021?

IKEA was founded in Sweden in 1943 by 17-year-old Ingvar Komprad. IKEA operates 422 stores in more than 50 markets. About 70% of the stores are located in Europe. The best countries for IKEA are Germany (15% of sales) and the US. (14%).

The retailer added 19 stores last year, including its first store in Hyderabad in India. Ikea received 957 million store visits in 2018 and 2.5 billion on Ikea.com. It offers around 9,500 products.

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