Lenskart emphasises that the acquisition will introduce a new sub-brand within its portfolio, focused on Gen Z and Millennial customers
Lenskart, an omnichannel eyewear retailer, will be acquiring an 80 per cent stake in Spain-based Stellio Ventures, the company behind the sunglasses brand Meller, for Rs 406 crore, it said in its Draft Red Herring Prospectus (DRHP).
“Pursuant to a Share Purchase Agreement dated 12 July 12 2025, by and among our subsidiary Lenskart Solutions, Stellio Ventures, investor shareholders of Stellio Ventures and founders of Stellio Ventures, Lenskart Solutions has agreed to acquire 32,226 shares of Stellio Ventures, representing 80 per cent of its share capital on a fully diluted basis, for a total consideration of Rs 4,063.93 million,” the company highlighted in its DRHP.
The transaction is subject to completion. Stellio markets a range of fashion sunglasses as well as related accessories direct-to-consumers under the Meller brand. Its products are sold mostly online through their website to customers across several countries, the company said. It also has a retail store located in Barcelona, Spain. Stellio was profit-making under Spanish GAAP (generally accepted accounting principles) for the Calendar Year 2024.
Lenskart emphasised that the acquisition will introduce a new sub-brand within its portfolio, focused on Gen Z and Millennial customers. It will augment the Lenskart brand by offering contemporary, fashionable sunglass designs to its customers. The company added that it will further strengthen its social media brand building and online ecommerce capabilities, and provide cost synergies to its supply chain network.
