“Thanks to Second Talent, Beyond Cars broke new ground by rapidly assembling high-caliber tech talent within just four months. This pivotal moment accelerated our team’s development, boosting productivity significantly during the second half of the year. The outstanding results enabled us to quickly pivot as we continued to grow, marking a major milestone in our journey. We eventually led to the acquisition of the leading automotive e-commerce players in the region.”
— Garry Yu, CEO, Beyond Cars (acquired by Carro US$1.5bn)
Company Background
A fast-growing second-hand car platform that leverages machine learning and big data for quick, smartphone-based car trading. It offers a differentiated experience alongside services like car beautification and loan referrals.
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 bring in front-end and back-end engineers to elevate their competitive marketplace expansion.
Challenges Faced
- Limited Talent Supply and High Hiring Costs in the Current Market: High demand for technical skills, coupled with a rapidly evolving market, made it challenging to find and hire the right talent quickly.
- Lack of Offshore Hiring Knowledge: The company faced challenges understanding the offshore regulatory environments and cultural nuances that impact communication and productivity.
Results Achieved
- Accelerated Team Expansion: Within a 4-month period, Beyond Cars impressively increased their team size by 56%. This significant addition of engineering and product talent enhanced their technical prowess, setting the stage for rapid growth in the automotive e-commerce sector.
- 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.
- Boosted Revenue and Market Performance: Beyond Cars implemented a strategic plan to improve in revenue and expansion. The company saw a substantial uplift in online transactions, affirming their status as a significant contender in the automotive sector.
- Beyond Cars achieved their objectives through its acquisition, increasing their team size by 70% and enhancing their technical capabilities and user experience. This integration of new engineering talent boosted technical capabilities and user experiences, driving substantial revenue growth and transaction volume. This progress solidified Beyond Cars’ leadership in the automotive e-commerce sector and made it an attractive acquisition target, demonstrating effective adaptation in a competitive landscape.
