Carro shifts gears with recruitment play

More: Two fraudsters jailed in Switzerland for role in 1MDB scandal. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Making sense of Carro’s recruitment acquisition]( - A US$50 million debt facility for Validus - When startups usually make an exit - Other newsy highlights such as a Swiss court jailing two men for their role in the 1MDB scandal --------------------------------------------------------------- Hello {NAME} I’ve long felt that the traditional interview is one of the worst ways to determine if someone is the right fit for a job. It’s a performative exercise that seems largely a waste of time. It doesn’t reveal much about a candidate’s fitness for the post or if a company is indeed a good place to work. Lots of people doing the hiring often feel similarly - or at least those that I’ve spoken to about this do. That pain point is perhaps partly why Kaidee, one of used-car marketplace Carro’s recent acquisitions, is venturing into recruitment services. One of Carro’s goals with the move is to turn staff hiring from a cost source into a revenue generator, as today’s premium piece explores. -- Peter  ---------------------------------------------------------------  THE BIG STORY [Carro’s next pit stop? Recruitment services]( OKAI, used-car marketplace Carro’s bid to turn a cost center into a revenue stream, is now raising its own venture funding. --------------------------------------------------------------- TRENDING NEWS [Validus bags US$50m loan to fund Indonesian MSMEs]( Validus, a digital lending platform for small and medium-sized businesses, has secured up to US$50 million in new funding via a debt facility from HSBC. The Singapore-based firm will deploy the funds via its Indonesian subsidiary, Batumbu. [Swiss court jails 1MDB fraudsters over US$1.8 billion theft from Malaysia state fund]( A Swiss court has jailed two businessmen for their role in a US$1.8 billion scam to defraud Malaysia’s 1MDB economic development fund. 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