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

Lenskart, through its Singapore subsidiary, will acquire an 80% stake in Spanish eyewear brand Meller. This move aims to broaden Lenskart’s reach in Europe. Lenskart’s Meller acquisition will also target the Gen Z demographic. The deal, valued at approximately Rs 406.93 crore, includes payments to Meller’s investors and founders. This acquisition strengthens Lenskart’s global strategy before its planned IPO.

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