# Insights

CASE STUDY:BEYOND CARS (ACQUIRED BY CARRO)

Testimonial

“Thanks to Second Talent, Beyond Cars broke new ground by rapidly assembling a
high-caliber tech team within just four months. This pivotal move accelerated our
marketplace platform’s development, boosting productivity significantly in the first half
of the year. The outstanding results enabled us to expand our team and product line
into three new markets, marking a major milestone in our growth trajectory, which
eventually led to our acquisition by one of the leading automotive e-commerce players
in the region!”

Garry Yu, CEO, Beyond Cars (acquired by Carro US$1.5b company)

Company Background

A fast-growing second-hand car platform that leverages machine learning and big data for quick,
smartphone-based car trading. It offers car evaluations and connects sellers to close to 100
dealerships
, ensuring optimal prices alongside services like car beautification and low-interest
financing.

Goals Behind Hiring

Beyond Cars recognized the opportunity to expand their engineering presence in Taiwan, given its rich pool of technical talent. They aimed to hire front-end and back-end engineers to support their e-
commerce marketplace expansion.

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    Challenges Faced

    1. Limited Talent Supply and High Hiring Costs in the Current Market: High demand for technical
    skills, coupled with a limited supply and increased salaries, has resulted in talent shortages. To save
    time and rapidly expand their team, they required external support to provide pre-vetted talent.

    2. Lack of Offshore Hiring Knowledge: The company faced challenges due to the complexity of
    offshore regulatory environments and cultural nuances that impact communication and management
    across borders. They needed local assistance to navigate labor laws and manage payroll and statutory
    benefits effectively.

    Highlight: Strategic Growth: Engineering Team Expansion and
    Platform Enhancements Drive Beyond Cars to an Acquisition

    1. Accelerated Team Expansion: Within a 4-month period, Beyond Cars impressively increased their
    team size by 50%. This significant addition of engineering and product talent enhanced their
    technical prowess, setting the stage for rapid growth in the automotive e-commerce sector.

    2. Sustainable Team Development: Following the initial expansion, the company continued to grow
    over the next year, achieving a 20% increase in team size. This sustained growth underscored their
    ongoing commitment to enhancing operations and capitalizing on new market opportunities.

    3. Enhanced Business and Product Strategies: Supported by the influx of new team members, the
    company advanced their business and product strategies. They rolled out new functionalities and
    improvements to their marketplace platform, improving user experiences and adapting to evolving
    market demands.

    4. Boosted Revenue and Market Performance: The synergy of an expanded workforce and refined
    platform led to an improvement in revenue and operations. The company saw a substantial uplift in
    online transactions, affirming their status as a significant entity in the digital transformation of the
    automotive sector.

    Beyond Cars achieved significant growth by increasing its team size by 70% and enhancing its e-
    commerce platform, leading to its acquisition. The integration of new engineering and product talent boosted technical capabilities and user experiences, driving substantial revenue growth and online
    transaction volume. This progress solidified Beyond Cars’ leadership in the automotive e-commerce
    sector and made it an attractive acquisition target, demonstrating effective adaptation and expansion in
    a competitive market.

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