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Ikea plans to double its investments in India to $2.2 billion over the next five years, focusing on opening more stores and increasing local suppliers. Since entering the market in 2018 with its first store in Hyderabad, Ikea will start accepting online orders in four additional cities, including Chennai.

Sales in India grew by 6% to 18.6 billion rupees (over $200 million) in the year prior to August 2025, with plans to quadruple this amount by expanding stores from six to thirty. Online sales currently account for over 30% of total sales, with a target to increase this to 40%.

Other major brands, like Apple and Google, are also investing heavily in India, with Apple assembling nearly one in five iPhones there and Google planning a $15 billion investment in an AI data center in Andhra Pradesh by 2026. The growing digital economy, supported by a vast internet user base, makes India a strategic market for these companies.