Revenue Growth: Achieved second-quarter FY25 revenue of $11.9 million, a 33% increase from the first quarter's revenue of $8.9 million.Improved Path to Profitability: Reported a net loss of $21.8 million, primarily impacted by non-cash, non-recurring, and extraordinary items, resulting in an Adjusted EBITDA¹ loss of $2.1 million, an improvement from the previous quarter's Adjusted EBITDA loss of $2.8 million, reflecting a 25% sequential reduction powered by adoption of AI in reducing operating costs internally.Client Expansion: Added 5 new enterprise clients and over 150 agents and fleets, expanding our services to 108 enterprise clients across insurance and automotive sectors, and 3,550 age

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. MixtapeAI: Driving Efficiency and Customer Engagement in Insurance and Mobility MixtapeAI leverages best-in-class foundation models such as OpenAI, Google, Anthropic, and Meta, ensuring customers receive natu

NEW YORK, Oct. 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 it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York. The ThinkEquity Conference gathers institutional investors, corporate clients, and other industry professionals to highlight groundbreaking innovations and financial strategies. Rohan Malhotra, Founder and Chief Executive Officer, will be presenting at 9:00 a.m. ET on October 30th. Members of the Roadzen management will also be holding one-on-one investor meetings throughout the day

NEW YORK, Sept. 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 all its major shareholders known to own more than 5% of the Company's common stock, holders of a majority of its shares held by other shareholders and all company insiders have agreed to extend their lock-up agreements by another twelve months, to September 20, 2025. This represents shareholders owning over 56 million shares that were originally scheduled to be released from lock-up on September 20, 2024, pursuant to the lock-up agreements entered into in connection with the Company's initial business

NEW YORK, Sept. 03, 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 Rohan Malhotra, Founder and Chief Executive Officer, will deliver a corporate presentation on Monday, September 9 at 11:00 A.M. ET as well as host 1x1 meetings at the H. C. Wainwright 26th Annual Global Investment Conference, taking place at the Lotte New York Palace Hotel in New York City from September 9th-11th, 2024. H. C. Wainwright 26th Annual Global Investment Conference Format:Live presentation and one-on-one meetingsDate:Monday, September 9, 2024Time:11:00 A.M. ETLocation:New York, NY   Management

First quarter 2025 revenue increased 59% year-over-year to $8.9 million from $5.6 million in the corresponding quarter last year.Net loss of $48.4 million is impacted by non-cash, non-recurring and extraordinary items, resulting in an Adjusted EBITDA1 loss of $2.9 million.Strong customer wins with leading global insurers, carmakers and fleets choosing Roadzen's risk solutions and AI products over the past quarter. 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. "We closed anot

NEW YORK, July 26, 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 secured an extension of the maturity date and an additional $4.0 million of capital from Mizuho Securities USA LLC, a leading global investment bank and securities firm. The amended facility increases the loan from $7.5 million to $11.5 million of 15% senior secured notes, without any additional warrants, and extends the maturity date to December 31, 2024. "We greatly appreciate Mizuho's continued belief in our vision. This extension and facility increase, combined with management's recent debt-to-e

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. The number of shares into which the a

Full year revenue of $46.7 million, up from $13.5 million in the prior year, a 245% increase.Net loss of $99.7 million is impacted by non-cash, non-recurring and extraordinary items, resulting in an Adjusted EBITDA1 loss of $10.4 million, a 5.1% increase over last year.As of market close on June 28, 2024 Roadzen was included in the Russell 2000®, Russell 3000®, and Russell Microcap® indexes bringing new institutional shareholders. 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 had

NEW YORK, June 25, 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 been chosen to provide claims processing using its AI-powered xClaim product for the Indian Government-owned Oriental Insurance Company Ltd. Roadzen was selected after an exhaustive review following a Request for Proposal (RFP) process carried out by the association of the four Indian Government-owned auto insurance carriers. Collectively, these four carriers account for approximately 32% of the market share of the Indian auto insurance industry and process an estimated 1.4 million auto claims e

Maxim Group initiated coverage of Roadzen with a rating of Buy and set a new price target of $10.00

4 - Roadzen Inc. (0001868640) (Issuer)

4 - Roadzen Inc. (0001868640) (Issuer)

4 - Roadzen Inc. (0001868640) (Issuer)

4 - Roadzen Inc. (0001868640) (Issuer)

4 - Roadzen Inc. (0001868640) (Issuer)

4 - Roadzen Inc. (0001868640) (Issuer)

4 - Roadzen Inc. (0001868640) (Issuer)

Roadzen Inc (NASDAQ:RDZN) shares are trading lower by 11.8% to $2.00 Thursday afternoon after the company announced that its Special Committee of Independent Directors approved a plan for certain related parties to release $3.5 million of short-term debt in exchange for ordinary shares of RDZN. The parties involved include CEO Rohan Malhotra and entities associated with Chairman Steven Carlson. The debt will be converted to shares based on a price of $2.80 per share or the 30-day volume-weighted average price after the company files its Q1 Form 10-Q. Steven Carlson expressed confidence in Roadzen’s AI platform’s potential for success in the auto insurance industry, highlighting the int

U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell. Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on disinflation and noted that the labor market is “appropriately cooling,” reinforcing market expectations for reduced borrowing costs later this year. He anticipates inflation to be between 2% and 2.5% by this time next year but did not commit to a specific course of action. Powell also highlighted the unsustainable trajectory of the U.S. national debt, labeling it a “top-level issue” for policymakers a

Roadzen, Inc. (NASDAQ:RDZN) shares are trading higher on Tuesday. Yesterday, the company reported its first fiscal year as a public company. In addition, Roadzen said it was included in the Russell 2000, Russell 3000, and Russell Microcap indexes, bringing new institutional shareholders. For FY24, revenue jumped 245% year over year to $46.7 million due to incremental revenue from U.S. and U.K. acquisitions and continuing growth in India. Check This Out: Why Ocean Power Shares Are Gaining Today Jean-Noël Gallardo, Roadzen’s CFO, commented, “In preparation for 2024 year-end, we focused on simplifying and streamlining the organizational structure and internal financial reporting pro

RDZN: 81% | Roadzen shares are trading higher following FY24 earnings. RCM: -10% | R1 RCM shares are trading lower after the company announced that discussions have not resulted in any agreement and New Mountain Capital is no longer interested in pursuing a joint proposal with TCP-ASC. VS: 86% | Versus Systems shares are trading higher after the company announced the appointment of Curtis Wolfe as Interim CEO.

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. Rohan Malhotra, founder and CEO, commented, "We are delighted to be included in the prestigious Russell indexes during our first year as a Nasdaq-listed company. The inclusio

NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI-led insurance and mobility products, is excited to announce the appointment of Bruce Goldberg as General Counsel. With over three decades of executive experience overseeing legal, compliance, M&A, and HR in several public technology companies, Bruce brings a wealth of knowledge and a proven track record of success in scaling legal operations. His leadership will play an integral role in steering Roadzen through future opportunities, ensuring that the company's legal strategies support its growth and innovation. His appointment is part of our continued effort to strengthen the leadership team

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. With his extensive experience in insurtech, brokerage, and claims administration throughout the US and EU, Mr. Gallardo is ideally positioned to propel Roadzen's continued expansion. He will play a crucial role in enhancing Roadzen's financial and operational playb

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's AI Manifesto and Commitment to the AI Alliance As a founding member, Roadzen is dedicated to building cutting-edge AI through fundamental and applied rese

10-Q - Roadzen Inc. (0001868640) (Filer)

8-K - Roadzen Inc. (0001868640) (Filer)

EFFECT - Roadzen Inc. (0001868640) (Filer)

8-K - Roadzen Inc. (0001868640) (Filer)

S-3 - Roadzen Inc. (0001868640) (Filer)

8-K - Roadzen Inc. (0001868640) (Filer)

8-K - Roadzen Inc. (0001868640) (Filer)

10-Q - Roadzen Inc. (0001868640) (Filer)

8-K - Roadzen Inc. (0001868640) (Filer)

8-K - Roadzen Inc. (0001868640) (Filer)