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IKEA And How It Changed The Way People Designed Their Homes

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Born in Sweden in the year 1926, Ingvar Kamprad (IKEA’s founder’s) entrepreneurial journey began at the age of 5. Belonging to a family which could not afford the basic necessities on a daily basis, Kamprad’s flair for business came to be when he sold matches to help out his family. Despite cracking a profit in this business early on, Kamprad wanted to try his hand at selling a wide range of things.

Progressing through the years, Kamprad started selling fish, pencils and Christmas decorations by the age of 10. However, like every successful story, Kamprad’s entrepreneur journey was cut short by the increasing popularity of Hitler. Heavily under the influence of a Nazi sympathetic grandmother, Ingvar joined a youth Nazi movement only to realise very quickly that it was perhaps the biggest mistake of his life.

The beginning of IKEA

Despite having such a brilliant flair for business, Kamprad had a major problem; he was dyslexic. A disorder like this was not heard of back then and for people to complete schooling at the time was a big deal! When Kamprad did the impossible at the age of 17, his father gave him some money as seed investment for his dream. This was the first round of funding ever received by IKEA!

With the money his father had given him, Kamprad started working on making his dream come true. IKEA did not sell furniture. The journey began with the sale of frames and small household items. Making the most of an untapped market, Kamprad started making profit from the very beginning.

It was not until the year 1956 that the world of furniture marketing was revolutionized. When Kamprad introduced a new cost cutting system in the form of flat packing, a new way of buying furniture was introduced to the people! The IKEA concept finally started taking shape and new products like POANG and the BILLY bookcase came to being in the market.

The IKEA expansion 

With IKEA growing so much, an increase in taxes was but inevitable. To counter the unfavourable taxes imposed by the Swedish government, Kamprad moved his family to Denmark. While most people thought this was a bad idea, the move turned to be a good thing for IKEA. Not only did the company expand to Denmark, it also moved to the United States, France and the United Kingdom.

With the arrival of other classic products like KLIPPAN, LACK and MOMENT, IKEA started to take the form of the IKEA of today. What made IKEA grow so much was that not only did they expand their stores across different locations, they also started developing products synonymous to the IKEA style.

IKEA’s growth through the years has shown that it takes a vision and dream to turn what you want to reality.

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Entrepreneur Stories

Tesla Secures Mumbai Facility as Key Step in India Market Entry

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Tesla StartupStories

Tesla has ramped up its India expansion by leasing a 24,565 sq ft warehouse at Lodha Logistics Park in Mumbai’s Kurla West. The five-year lease, registered on May 16, 2025, involves a total rent of over ₹24 crore, starting at ₹37.53 lakh per month with a 5% annual escalation. The facility includes two ground-floor units and 20 parking spots, with rent payments commencing June 1, 2025.

This warehouse will function as a key service center and garage for Tesla’s India operations, excluding bodywork and spray painting. The move supports Tesla’s preparations for its official market debut, expected in late 2025 or early 2026.

Tesla’s India rollout includes offices in Pune, flagship showrooms in Mumbai’s Bandra Kurla Complex (BKC) and Delhi-NCR, and co-working spaces in Mumbai. The new warehouse lease highlights Tesla’s commitment to building a robust infrastructure for sales, service, and delivery of electric vehicles and energy products across India.

While manufacturing plans are not yet confirmed, Tesla is reportedly exploring sites in Maharashtra for a potential assembly unit. The Mumbai warehouse lease marks a significant step in Tesla’s strategy to establish a strong presence in one of the world’s fastest-growing EV markets.

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Razorpay Partners with MeitY Startup Hub to Accelerate Deeptech Innovation in Tier II and III Cities

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Razorpay

MeitY Startup Hub (MSH), under the Ministry of Electronics and Information Technology, has partnered with fintech leader Razorpay to support the growth of deeptech and emerging tech startups across India, with a special focus on those in Tier II and III cities. Through this collaboration, early-stage startups will gain access to Razorpay’s fintech infrastructure, mentorship, and resources via the Razorpay Rize program.

Startups in areas like AI, blockchain, robotics, and IoT will benefit from streamlined company incorporation support, expert mentorship, product credits, and guidance for applying to global accelerators such as Y Combinator. Selected founders will also join the exclusive Rize Community, connecting with peer networks and attending masterclasses.

MSH CEO Panneerselvam Madanagopal emphasized that this partnership will help founders scale faster by providing vital support in mentorship, capital access, and digital infrastructure. As India’s startup ecosystem surpasses 159,000 DPIIT-recognised startups, this initiative aims to give deeptech entrepreneurs the tools and networks needed to innovate for India and expand globally.

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PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Startup Stories

Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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