Gizmore is a quite popular smart accessory manufacturing brand. The brand has set high aims for the year 2023-24. They are planning to sell more than 1.5 million smartwatches this year and capture a 5% market share in India. The brand has also aimed to increase its smartwatch business from INR 50 crore to INR 200 crore. Alongside this, the brand has announced its partnership with Optiemus electronics for the manufacturing of smartwatches in the country.

The majority of the smartwatches’ production would, according to the official release, be handled by Optiemus under the Gizmore brand. They will produce almost 75% of the nation’s total supply of Gizmore smartwatches.

gizmore

Gizmore’s CEO and co-founder, Mr Sanjay Kalirona, remarked that “Consumers have shown enormous faith in Gizmore. Consumer trust has allowed us to attain impressive growth figures. We have quickly established a solid base in the smartwatch market by introducing a number of new models. During the holiday season, we sold over 40,000 smartwatches in October of the previous year. In contrast, starting in January, we hope to sell more than 50,000 copies each month. We have several new product features coming out that we hope will continue to excite our customers. By the conclusion of the upcoming fiscal year, we can expect to have 5% of the Indian smartwatch market thanks to the very positive customer response and our ongoing efforts.

OEL will be used in the production of items like the Blaze Max, Vogue, and other forthcoming Amoled smartwatches from Gizmore. Another indication of Gizmore’s dedication to the Make in India programme is the relationship with OEL. Gizmore intends to concentrate on R&D to support the subsequent expansion phase. The company intends to broaden the use of Tres Connect, wristwatch software created in collaboration with Quadlabs Technologies.

So that was all we had to cover up regarding the partnership between Optiemus electronics and Gizmore. What do you think about the partnership? Do let us know by dropping a comment in your words down below. Thanks a lot for reading the post till the end.

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