IKEA, the world’s largest furniture retailer, is significantly accelerating its investment in India, designating it a "priority market" for long-term growth. Despite global sales dropping to $51.7 billion in FY2025 from $52 billion the previous year, the company's Indian operations saw a 6% revenue increase and a 10% improvement in...
Blackstone Increases Investment in India’s Logistics Segment
Blackstone Real Estate, a subsidiary of New York headquartered Blackstone Group, will acquire Embassy Industrial Parks in India from private equity firm Warburg Pincus and the Embassy Group. With this $717 million deal, Blackstone's India warehousing portfolio will increase to 40 million sq ft. Embassy Industrial Parks’ warehouses are located...
Global India Tech Centers Record Business of $28 billion in 2018
The market size for global capability centers (GCC), also known as multinational tech centers, amounted to $28.3 billion in 2018, compared to $19.5 billion in 2014 according to a study by industry body Nasscom. With over 1,250 and counting, India has the biggest presence of GCCs in the world, (the...
Matrix Partners Invest in India's Dairy Startup Country Delight
Palo Alto, CA-based Matrix Partners' subsidiary Matrix Partners India led an investment of $10 million in Guragaon-based dairy startup Country Delight. Matrix’s previous investment in the dairy space was on milk and grocery delivery startup DailyNinja. "We have been tracking Country Delight for more than a year now and have...
Bath and Body Works Debuts in India
New Albany, Ohio-based Bath and Body Works partnered with Mumbai-based Major Brands, a franchisee for premier international fashion brands in India, and will set up its first two stores in the Delhi-NCR region. The initial roll out is set for ten stores, of which half will be operational by December...
American Companies Top in Leasing Commercial Space in India
In India, American companies occupy about 45 percent of the grade ‘A’ space, as they continue to expand operations leveraging the low cost and highly-skilled resource base in the country. Companies from India account for 35 percent of the office real estate absorption, while those from the European Union take...