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

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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….



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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….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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