Roadzen Inc

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 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.

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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.

Roadzen to Participate on the InsurTech Panel at the Jefferies Global FinTech Conference on June 12, 2024

NEW YORK, May 30, 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 is set to be added to the Russell 2000, Russell 3000, and Russell Microcap Indexes as part of the annual reconstitution of the Russell stock indexes, effective at the US market open on Monday, July 1, 2024. A preliminary list of Russell 3000 Index additions, including Roadzen, was  posted by FTSE Russell  on May 24, 2024.

Roadzen Set to Join Russell 2000® and Russell 3000® Indexes

Roadzen has developed over 150 AI models to improve insurance processes and reduce claims time. Roadzen runs both an embedded distribution and a B2B2C distribution business model. Running both business models gives the company a competitive advantage. Roadzen's MRQ financial report (Q3 FY24) shows significant sales growth, but the company needs to cut operational expenses to operational breakeven and eventual profitability.

Roadzen's AI Technology And Business Model Will Turbocharge Its Growth (Rating Upgrade)

NEW YORK, May 24, 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 Maxim Group Virtual TMT Conference.

Roadzen to Participate in Fireside Chat at the Maxim Group TMT Conference on June 4, 2024

NEW YORK, April 29, 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 Dalmia Transport & Logistics ("Dalmia") has selected Roadzen's proprietary ADAMATICS technology platform, DrivebuddyAI, for its fleet operations. Roadzen's strategic partnership with Dalmia will span five years. The selection of Roadzen's technology was finalized after a comprehensive three-month validation process of DrivebuddyAI by Dalmia.

Dalmia Transport Selects Roadzen's DrivebuddyAI to Enhance Fleet Safety with Advanced Computer Vision

NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Rohan Malhotra, CEO of Roadzen Inc. (NASDAQ: RDZN), was honored with the ‘Innovative Entrepreneur of the Year' award at the prestigious 2024 Economic Times Entrepreneurs Summit and Awards. The ceremony, held last evening in New Delhi, showcased Malhotra's leadership and Roadzen's achievements in AI, highlighting the company's success in bringing its innovations to global markets.

Roadzen CEO Rohan Malhotra Awarded 'Innovative Entrepreneur of the Year' at the Economic Times Summit

Mr. Goldberg brings over thirty years of executive experience demonstrating Roadzen's strategic commitment to strengthen its leadership team Mr. Goldberg brings over thirty years of executive experience demonstrating Roadzen's strategic commitment to strengthen its leadership team

Roadzen Appoints Bruce Goldberg as General Counsel

372% Year-Over-Year Increase Quarterly revenue of $15.64 million, a 372% increase year-over-year. Net loss of $30.57 million is impacted by non-cash, non-recurring and extraordinary items leading to an Adjusted EBITDA1 loss of $3.1 million, a 14% improvement in Adjusted EBITDA over the second quarter.

Roadzen Sets New Revenue Milestone for the Third Quarter Ended December 31, 2023

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global pioneer in AI-driven insurance and mobility solutions, today announced the appointment of Jean-Noël Gallardo as its new Chief Financial Officer. Mr. Gallardo brings over two decades of experience in financial planning and analysis, treasury management, compliance, fundraising, and M&A, making him an integral addition to the Roadzen leadership team.

Roadzen Appoints Jean-Noël Gallardo as Global Chief Financial Officer

NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ: RDZN), a global leader in AI-driven auto insurance, today announced its role as a founding member of the AI Alliance, an international collaboration of over 50 leading organizations across industry, academia, and policy in advancing open, safe and responsible AI. The AI Alliance is committed to creating opportunities through a diverse range of institutions that can shape the evolution of AI in ways that better reflect the needs and complexity of our society.

Roadzen Joins Hands with IBM, Meta, and Other Industry Leaders as a Founding Member of the AI Alliance to Advance Open, Safe, and Responsible AI

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NEW YORK and NOIDA, India, Dec. 01, 2023 (GLOBE NEWSWIRE) -- HCLTech, a global technology company, and Roadzen, a leading AI-driven auto insurance technology company, announced a collaboration to harness the power of AI and data engineering to deliver benefits to both auto insurance carriers as well as their customers.

Roadzen Partners with HCLTech to deliver AI-driven auto insurance solutions for US carriers and automotive customers

Revenue Increasing 493% Year-Over-Year to $15.4 Million Key Highlights: Roadzen's revenue for the quarter ended September 30, 2023 experienced a substantial increase of $12.8 million over the same quarter of the previous fiscal year. Growth underscores strong demand for Roadzen's advanced AI solutions in the $800 billion auto insurance industry.

News for Roadzen Inc Stock (RDZN)