IKEA India raises ₹600 crore to increase presence in country

Swedish furniture retailer IKEA's Indian unit raised ₹600 crore, according to financial data accessed by business intelligence platform, Tofler. Ingka Pro Holding BV, The Netherlands and Ingka Holding Overseas BV were the investors for IKEA. The Ingka Group, the owner and operator of IKEA Retail, has planned to open two shopping destinations in NCR via Ingka Centres.