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.
The smartphone brand has also partnered with a known distributor Shanker Group which is a global multifaceted conglomerate of Nepal with interesting diverse spheres. realme 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.
The business operations of realme in Nepal will be led by realme’s VP, Madhav Seth
Commenting on the announcement, Mr. 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. We will look forward to receiving a similar achievement in Nepal. We are providing our latest and innovative products at democratized prices to Nepali users. Our aim is 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.
realme aims to make technology accessible to everyone. The company 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
.
About realme
realme is a technology brand that specializes in providing high-quality smartphones and a trendsetting tech lifestyle. The brand was officially established on May 4th, 2018 by its founder Sky Li and Madhav Sheth in India, together with a young team that has rich experience in the smartphone industry. realme is committed to offering smartphones with trendsetting designs and technologies while exploring more possibilities of the Artificial Internet of Things.
realme has become the top 5G smartphone brand in India with a 23% share in Q2 2021. And, it is the fastest brand to reach 50 million cumulative smartphone shipments in India, according to Counterpoint Research. According to Counterpoint Hearables Report (Q2), realme emerged as the No.1 brand in the TWS market, driven by Buds Air Neo and Buds Q. TechARC has ranked realme as No. 1 Quality Smartphone Brand with the lowest repair rate as well as the highest in customer engagement.
About Shanker Group
Mr. Shanker Lal Agrawal founded Shanker Group in the year 1979 with integration of diversified operating companies. The company has grown over the years since the initial foray into business.
Shanker is a global multifaceted conglomerate of Nepal with interesting diverse spheres. The company is engaged in production, trading and services in South Asia. Its businesses are linked to globally renowned market leaders who stand tall in their respective fields.
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. We also hope to strengthen this relationship further in the years to come.
Shahil Agarwal, Managing Director, Shanker Group
Shanker comprises over 30 operating companies across 14 business sectors; mining, steel, cement, synthetics, textile, FMCG, automobiles services, real estate, hospitality, investment, trading and representation. The group has operations in Nepal and India and also exports to neighboring countries in South Asia.
For more than 80 years Shanker has been providing high quality performance products to the industry through distributors and partners. Likewise, the company continues to set and maintain the standards for better and reliable service in these demanding environments.
Popular brands under its multinational conglomerate umbrella include; TVS, PROTON, Case Heavy Equipment, ADNOC, Reinsurance,Lubricant and the upcoming Hilton for Hospitality.
