Swedish home furnishing major Ikea has inked a memorandum of understanding (MoU) with Rhenus, a global logistics firm, to set up a large warehouse facility near Gurugram, signalling its intent to broaden its presence in northern India.The warehouse facility, which measures 150,000 sq ft, is the first physical move into the Delhi-NCR market and will be situated in Farrukhnagar near Gurugram.
It is slated to commence operations by early next year and will cater to Ikea’s e-commerce as well as offline businesses in the region. The warehouse facility is capable of storing and fulfilling over 7,000 products.“Our collaboration with Rhenus transcends decades. Bringing their expertise and experience in growing Ikea in other global markets to our operations here is an exciting opportunity for both in our India journey. Ikea is excited to announce its first foot-down in Delhi NCR alongside Rhenus,” Saiba Suri, country customer fulfilment manager Ikea India said.
Vivek Arya, regional CEO, Rhenus India said that the new warehousing project in India is a step towards a more inclusive and diverse global presence. Ikea has indicated its plans to launch its omni-channel presence including phsyical stores and e-commerce operations in Delhi-NCR by mid-2025. The company first set foot in India in 2018 with a large-format store in Hyderabd. . Since then, it has inaugurated flagship stores in Navi Mumbai and Bengaluru, alongside two city stores in Mumbai. Additionally, it maintains an online presence in Mumbai, Pune, Hyderabad, Gujarat, and Bengaluru.
