Arcano advises Meller on its sale to Lenskart

Arcano Partners acted as exclusive financial advisor to the shareholders of Meller in the sale of the company to Lenskart, a business backed by SoftBank, Abu Dhabi Investment Authority, and Alphawave.

Meller is the undisputed leading brand of digitally native sunglasses in Europe operating under a direct-to-consumer (DTC) model. It is redefining affordable eyewear fashion through bold design, agile product development, and a unique creative identity. Founded in 2014 and headquartered in Barcelona, Meller has built a strong presence across Europe, with 96% of its products sold directly through its own e-commerce platform and approximately 94% of its revenues generated outside of Spain. The company combines the pace of fast fashion with performance-based marketing to serve a loyal, trend-savvy customer base.

Lenskart is a tech-driven eyewear company and the leading optical brand in India. Founded in 2010, it has revolutionized the market by combining high-fashion design, compelling value propositions, and a fully integrated omnichannel model. With over 30 million eyewear units delivered annually across India, Southeast Asia, the Middle East, and Japan, Lenskart operates more than 2,500 physical stores and owns large-scale manufacturing facilities in India. Backed by global investors including SoftBank, Abu Dhabi Investment Authority, and Alphawave, the company achieved over 50% revenue growth in fiscal year 2024. According to public sources, Lenskart is preparing for an IPO with a multi-billion dollar valuation.

Through this transaction, Lenskart enters the European market by acquiring a leading player in both online and retail sunglasses sales, while Meller gains access to Lenskart’s global scale and cutting-edge technologies. The combination creates a global optical group with strong complementary strengths across geographies, channels, and innovation capabilities.

Arcano continues to position itself as a trusted advisor in the consumer and e-commerce sectors, leveraging its deep expertise in digitally native brands and strategic cross-border M&A transactions.