Roadzen Inc

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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Earnings data Q3 2025

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Roadzen, Inc. operates as an insurance technology company. It offers auto insurance services through artificial intelligence technology. The company was founded by Rohan Malhotra on May 7, 2015 and is headquartered in Burlingame, CA.

Partnership expands global opportunity for Roadzen's AI-powered ADAS and DMS platform for Fleets and OEMs Partnership expands global opportunity for Roadzen's AI-powered ADAS and DMS platform for Fleets and OEMs

Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety

NEW YORK, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced that its existing client National Insurance Company Ltd. (“NICL”) has expanded the geographical scope for Roadzen's AI powered XClaim Product. NICL has a total of 34 Regional Offices, of which 10 joined Roadzen's AI-powered XClaim platform. Based upon strong performance, NICL has expanded its contract with Roadzen to include an additional 4 regional offices, effective January 1, 2025.

Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India

NEW YORK, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced the closing of its previously announced underwritten public offering of 2,300,000 ordinary shares (or pre-funded warrants (("Pre-funded Warrants")) in lieu thereof), including 300,000 shares sold upon full exercise of the underwriter's option to purchase additional shares (the “Offering”) at a public offering price of $1.25 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $2,875,000, before deducting underwriting discounts, commissions and Offering expenses. All of the ordinary shares (and/or Pre-funded Warrants) were sold by the Company.

Roadzen Inc. Announces Closing of Public Offering

NEW YORK, Dec. 15, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced the pricing of an underwritten public offering of 2,000,000 ordinary shares (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) at a public offering price of $1.25 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $2,500,000, before deducting underwriting discounts, commissions and offering expenses. All of the ordinary shares (and/or Pre-funded Warrants) are being offered by the Company. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares (and/or Pre-funded Warrants) at the public offering price less discounts and commissions, to cover over-allotments. The offering is expected to close on December 17, 2024, subject to satisfaction of customary closing conditions.

Roadzen Inc. Announces Pricing of Public Offering

NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, announced that it was honored today with the IFTA Excellence in InsurTech award by the India FinTech Forum. The award recognizes Roadzen's outstanding achievements in demonstrating exceptional innovation, efficiency, and customer impact in the insurance industry.

Roadzen Wins Prestigious IFTA Excellence in InsurTech Award

NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the intersection of insurance and mobility, today announced that it has reached an agreement in principle with Mizuho Securities USA LLC, a leading global investment bank and securities firm, to extend the maturity date of its $11.5 million 15% senior secured notes by one year, to December 31, 2025, providing additional financial flexibility for the Company. The completion of the extension is subject to, among other things, the negotiation of definitive agreements for the extension and satisfaction of the conditions negotiated therein.

Roadzen and Mizuho Agree To Extend Senior Debt Maturity by Full year to December 31, 2025

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NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that it has executed a Memorandum of Understanding (MOU) for a partnership with Cimarron Underwriters, LLC (“Cimarron”). Through this proposed partnership, Roadzen will leverage Cimarron's nationwide Managing General Agent (MGA) licenses and infrastructure to expand the distribution of its insurance offerings across all 50 U.S. states.

Roadzen Partners with Cimarron Underwriters, LLC to Secure MGA Licensing Capabilities Across All 50 U.S. States

New partnership delivers emergency roadside assistance and towing services with substantial savings to all Motive customers New partnership delivers emergency roadside assistance and towing services with substantial savings to all Motive customers

Roadzen's National Automobile Club Signs Contract with Motive, One of the Largest AI-powered Fleet Management Companies

NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced that a leading liquefied petroleum gas (LPG) supplier in India—a wholly owned subsidiary of one of the world's largest LPG companies—will outfit its entire truck fleet with Roadzen's drivebuddyAI. The system will monitor driver fatigue and provide real-time feedback to drive improvements in safety and compliance.

Roadzen Chosen by One of the World's Largest LPG Carriers to Bring AI to its Fleet for Road Safety and Compliance

NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced two major milestones: its proprietary, computer vision-powered Advanced Driver Assistance System (ADAS) platform, DrivebuddyAI, has become the first-ever system to receive Automotive Research Association of India (ARAI) certification under India's Automotive Industry Standard 184 (AIS 184) and has crossed one billion kilometers of real-world driving data. These accomplishments establish DrivebuddyAI as a pioneer in real-world AI and road safety.

Roadzen's DrivebuddyAI Secures India's Only ARAI Certification for AI-Powered Advanced Driver Safety; Surpasses One Billion Kilometers of Real-World Driving Data

NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its second quarter and six-month financial results for the period ended September 30, 2024.

Roadzen Reports Fiscal Second Quarter and First Half FY2025 Financial Results

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a pioneer in AI-driven insurance technology, has launched MixtapeAI, a platform designed to power AI agents and transform customer interactions in the insurance and mobility sectors. With MixtapeAI, insurers, brokers, agents, carmakers, and fleets can deliver intelligent, personalized, and secure customer experiences while automating complex workflows across multiple touchpoints.

Roadzen Unveils MixtapeAI: Next-Generation AI Agents for the Insurance Industry

NEW YORK, October 18, 2024 – PRISM MediaWire – Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York.

Roadzen to Present at the ThinkEquity Investor Conference October 30, 2024

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NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its first quarter financial results for the three-months ended June 30, 2024.

Roadzen Reports its Best Fiscal First Quarter Results in Q1 2025 Buoyed By Strong Year-Over-Year Revenue Growth and Addition of Several Marquee Clients

Additional $4 Million and Extension of Maturity on Existing $7.5 Million Facility Additional $4 Million and Extension of Maturity on Existing $7.5 Million Facility

Roadzen Secures Mizuho Debt Extension and Facility Increase

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that the Company's Special Committee of Independent Directors has unanimously approved a plan for certain related parties to release $3.5 million of short-term debt in exchange for ordinary shares of RDZN. The related parties that have executed binding term sheets and agreed to the exchange include Roadzen's CEO, Rohan Malhotra, and Pi Capital International Inc. and its affiliate Marco Polo Securities, Inc., which is principally owned by Roadzen's Chairman of the Board.

Roadzen CEO and Chairman Agree to Exchange $3.5 Million of Short-Term Debt for Equity in the Company

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The artificial intelligence arms race may have uncovered a new stock that investors should be watching. Roadzen (NASDAQ: RDZN ) is bring AI to the world of auto insurance and according to its recent earnings report, business has been good.

Why Is Roadzen (RDZN) Stock Up 75% Today?

Roadzen's share price surged over 50% premarket, providing relief to shareholders after a significant decline in the past 2 months. Despite a promising AI-driven value proposition in auto insurance, Roadzen's heavily leveraged balance sheet and volatile revenue growth rates present significant risks. With looming debt obligations and an uncertain near-term outlook, investors are advised to avoid investing in Roadzen at this time.

Roadzen Earnings: Avoid Or Become Roadkill

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its results for the twelve-months ended March 31, 2024.

Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company

Oriental Insurance Company Limited (OICL), one of the leading Property & Casualty insurance carriers in India, partners with Roadzen for advanced claims management Oriental Insurance Company Limited (OICL), one of the leading Property & Casualty insurance carriers in India, partners with Roadzen for advanced claims management

Roadzen's xClaim Platform Selected by Top 6 Indian P&C Insurer to Bring AI to Claims Processing

Roadzen's New Partnership with Commercial Auto Agency Network Adds 1,200 Strong Salesforce, Expected to Deliver Upwards of $65 Million in Gross Written Premium Providing Coverage for Over 300,000 Vehicles Roadzen's New Partnership with Commercial Auto Agency Network Adds 1,200 Strong Salesforce, Expected to Deliver Upwards of $65 Million in Gross Written Premium Providing Coverage for Over 300,000 Vehicles

Roadzen Onboards New Commercial Auto Insurance Partner in India, Projected to Deliver Over $10 Million in Annual Revenue

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced that it will participate in the upcoming Jefferies Global FinTech Conference, which is being held June 12-13, 2024, at the Park Hyatt in New York City.

News for Roadzen Inc Stock (RDZN)