Bengaluru, Oct. 29 -- Bangalore: IKEA India is looking beyond big-box stores to drive its next phase of growth, planning a multiformat expansion across six priority markets as it pursues a fourfold increase in revenue by 2030, its chief commercial officer Adosh Sharma told Mint.

The retailer is also counting on online sales and its business-to-business (B2B) segment, he added.

The company will open its second Bengaluru store on 5 November. The 80,000-square-foot outlet on Kanakapura Main Road will serve South Bengaluru.

"Bangalore is a serious market for us. We don't plan to stop at two stores. We see scope for more and are actively scouting for locations," Sharma said.

IKEA has identified six priority markets, including Bengaluru, Mu...