Lenskart acquires Spain’s Meller brand for Rs 406 crore ahead of IPO

Eyewear retailer Lenskart has acquired an 80% stake in Spanish fashion eyewear brand Meller through its Singapore-based subsidiary, as part of a strategic expansion into Europe and Gen Z-focused product lines. The company paid Rs 406.93 crore (approx €41.5 million) for the stake in Stellio Ventures S.L., which owns the Meller brand, as per a share purchase agreement dated July 12, 2025.

The consideration includes Rs 230.13 crore payable to Stellio’s investors and Rs 176.26 crore to the founders, with a combination of fixed and deferred payments….