Alpha Wave Ventures, a software and electronics business accelerator that provides startup seed funding to build prototypes, led a $400m Seires G financing round in Cars24, a software and electronics business accelerator that provides startup seed funding to build prototypes, with participation from Tencent, SoftBank Vision Fund, Raptor Group, Moore Strategic Ventures, Exor Seeds, DST Global and Alibaba Group. “The primary use of the funding will be to continue to strengthen our presence in India, and in the countries where we have expanded," Gajendra Jangid, Cars24 Co-Founder.