Lenskart, the Indian eyewear retailer preparing for its IPO, has acquired an 80% stake in Spanish eyewear brand Meller for ₹406–407 crore. The deal strengthens Lenskart’s global presence and enhances its product portfolio with fashionable, affordable eyewear offerings
Why It Matters
- The acquisition gives Lenskart a beachhead in Europe, aligning with its broader international expansion strategy ahead of a planned IPO in FY2025–26.
- Meller is known for its trendy sunglasses and accessible fashion eyewear—complementing Lenskart’s in‑house brands and reinforcing its omnichannel retail positioning.
Strategic Timing & IPO Context
Lenskart is preparing for a $1 billion IPO at an anticipated $10 billion valuation, with shareholders having recently approved a ₹2,150 crore issue size. The company filed its DRHP in mid-2025 and officially transitioned to a public limited company.
Over the past year, Lenskart closed a $200 million secondary deal with Temasek and Fidelity at a $5 billion valuation, and is targeting a doubling of that valuation for its initial public listing.Business Today
📊 Deal Snapshot
| Parameter | Details |
|---|---|
| Stake | 80% acquisition of Meller |
| Deal Value | ₹406–407 crore |
| Purpose | Entry into European market, brand expansion |
| IPO Plans | $1B raise at ~$10B valuation |
| Prior Valuation | $5B (post-secondary transaction) |
| Investor Support | Temasek, Fidelity, SoftBank, ADIA, etc. |
Implications & Industry Outlook
- As Lenskart accelerates its push into Europe and global fashion eyewear markets, Meller gives it strategic credibility and product diversification ahead of listing.
- The move reflects rising investor confidence in Lenskart’s vision—transforming from domestic retailer to global optical brand.
- Analysts believe that international expansion and brand acquisitions will enhance valuation prospects and drive long‑term growth, especially as the company scales smart eyewear initiatives.
Final Thoughts
Lenskart’s takeover of 80% in Meller for ₹406 crore marks a significant step in its global growth trajectory. With IPO preparations underway and strategic moves into Europe and smart eyewear, Lenskart is positioning itself as more than just an Indian retailer—it aims to be a global eyewear powerhouse.
