Lenskart acquires 80% stake in Spain’s Meller for Rs 407 cr ahead of IPO

Eyewear retailer Lenskart, backed by SoftBank, has acquired an 80% stake in Spain-based Stellio Ventures S.L., which operates the Gen Z-focused fashion eyewear brand Meller, for Rs 407 crore. The acquisition was made through Lenskart’s Singapore arm and comes as the Gurugram-based company prepares for a public listing later this year.

The stake buy forms part of a broader strategy to expand Lenskart’s product footprint in Europe, diversify its sunglasses portfolio, and boost its social media and ecommerce capabilities.