realme Partnered with Shanker Group to Launch Smartphone Products in Nepal
"realme aims to be among the TOP 2 smartphone brand in Nepal by 2022."
realme, the fastest-growing Tech brand has announced that it will further strengthen its operation in Nepal to bring Nepali users the best in class products. With localization and innovation at its core, realme sees Nepal as a critical market and will expand its presence in the Nepal smartphone market in order to meet consumer needs.
realme following their core strategy wants to democratize the most cutting-edge technology of smartphones in Nepal and make them available in all price segments for consumers.
realme has also partnered with a known distributor Shanker Group which is a global multifaceted conglomerate of Nepal with interesting diverse spheres and will be looking for many more partners to increase the penetration of realme products in different categories.
With this business development, Madhav Sheth, currently the Vice President, realme and CEO, realme India and Europe, will also be spearheading the brand’s presence and business operations in Nepal and will continue to lead the India & Europe growth story for realme. With Madhav’s intelligence, today realme is Top 4 in India, Czech Republic and Greece and realme has become the top 5G smartphone brand in India with a 23% share in Q2 2021 and is the fastest brand to reach 50 million cumulative smartphone shipments in India, according to Counterpoint Research.
Commenting on the announcement, Madhav Sheth, Vice President, realme and Chief Executive Officer, realme India and Europe said, “It is yet another feather in the cap of realme’s remarkable journey and we have received great success in India and will look forward to receiving a similar achievement in Nepal where we are providing our latest and innovative products at democratized prices to Nepali users. We aim to be among the TOP 2 smartphone brands in Nepal by 2022. As I embark on this newly added role to lead realme's Nepal operations, I am really thrilled and looking forward to bringing fantastic realme products to Nepal users”.
Shahil Agarwal, Managing Director, Shanker Group, said, “We are proud to announce our official partnership with realme, for whom we will be the distributors of realme devices in Nepal. Through reamle’s partnership, we are aiming to bring the best of new-age tech products to our consumers in Nepal at the most affordable prices. We are extremely excited to be a part of realme’s journey in Nepal and hope to strengthen this relationship further in the years to come. ”
realme aims to make technology accessible to everyone and has been offering smartphones in every price segment from mid-range to premium in Nepal.
This development reinforces realme's ambition to expand further into the world's burgeoning smartphone market, helped by cutting-edge technology, creative products, and exceptional customer service.
In the global smartphone market, realme grew by 135% YoY and 17% QoQ in Q2 2021 as per Counterpoint, crossing cumulative shipments of 100 million smartphones.
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