Bengaluru, Aug. 9 -- Wakefit Innovations Ltd is betting that massive furniture stores will power its next phase of growth, as the omnichannel home retailer looks to make furniture its largest business within the next three years.

The company is opening its first jumbo-format furniture store, which co-founder and chief executive Ankit Garg said would be "even bigger than Ikea", with a second outlet to follow within a few months. Rather than rapidly rolling out the format, however, Wakefit plans to spend about a year refining the concept before expanding further.

"We expect these stores to significantly accelerate the growth of our furniture business," Garg told Mint in an interview.

To be sure, Ikea has seven stores in India, including ...