Indian Logistics company TAM International acquires Thailand’s Abaj World

Visual sourced from Abaj World wesbite

Logistics company TAM International Pvt. Ltd, which owns e-commerce platforms Surpluss.in and Bizpluss.in, has acquired Thailand-based electronics brands Abaj World in a cash and equity deal, the company said in a press release on Tuesday.

Abaj Electronics is in the business of offering superior technology, space and energy-saving electronic products. As part of the acquisition deal, Abaj will merge all its operations into Tam International. Also, Nirav Patel, the founder promoter of Abaj Electronics who will be joining the board at TAM, will oversee the technology and sourcing of products for both the ecommerce platforms.

Commenting on the deal Tarun Bhardwaj, Executive Director of Surpluss.in said, “Acquiring Abaj Electronics allows TAM International to offer a broader range of services to our wide customer base, increase customer engagement and enter an important and growing adjacent marketplace.”

Headquartered in New Delhi, TAM International has strong contacts in the global sourcing hubs of the Asia Pacific market. Last month, Surpluss.in announced its strategic partnership with Amazon India to sell brand refurbished smartphones on Amazon.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.