RDZN Roadzen Inc.

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Roadzen Inc.

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$RDZN

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IPO Year: 2022

Exchange: NASDAQ

Recent Analyst Ratings for Roadzen Inc.

Date	Price Target	Rating	Analyst
5/23/2024	$10.00	Buy	Maxim Group

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Roadzen Inc. Press Releases

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Roadzen Reports Fiscal Third Quarter and First Nine-Months FY2025 Financial Results
Third quarter 2025 Revenue totaled $12.1 million, an increase of 1.8% over the second quarter. Net loss fell to $2.5 million, an 88% decrease from a $21.8 million net loss in the second fiscal quarter reflecting a clear path to breakeven.Adjusted EBITDA[1] loss for the fiscal third quarter of $1.87 million continues to narrow sequentially, decreasing approximately 13% over the second fiscal quarter.Continued to strengthen the balance sheet while reducing expenses and streamlining operations, eliminating $12.6 million in liabilities over the last 6 months utilizing $1.65 million in cash and approximately 1.2 million ordinary shares.Unveiled the latest product from Roadzen AI labs: MixtapeAI,
2/12/25 4:05:00 PM ET
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Roadzen Strengthens Balance Sheet, Eliminates $5.5 Million in Short-Term Liabilities By Paying $1.65 million in Cash
NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the intersection of insurance and mobility, announced today that it eliminated $5.5 million in short-term payables in exchange for $1.65 million in cash. In July 2024, Roadzen launched a key initiative to strengthen its balance sheet, primarily by renegotiating and reducing payables associated with the going-public transaction and short-term debt. To date, the Company has improved its balance sheet as follows: Total Short-Term Liabilities Eliminated since Summer of 2024: $12.6 million $5.5 million: Eliminated through a cash payment of $1.65 million (announced
2/4/25 9:00:55 AM ET
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Roadzen Adds DeepSeek R1 to Mixtape, Delivering Advanced Reasoning and Data Sovereignty for Insurance and Mobility AI Agents
NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the intersection of insurance and mobility, today announced the integration of DeepSeek's open-source reasoning model into Roadzen's recently launched MixtapeAI platform. The combination of these groundbreaking technologies, available as of today, brings advanced reasoning-based AI agent capability to businesses in the insurance and mobility sectors while maintaining strict data sovereignty. Roadzen's MixtapeAI Platform automates complex workflows across multiple touchpoints, delivering intelligent, personalized, and secure customer experiences for insurers, broker
1/28/25 8:45:00 AM ET
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Roadzen Inc. Announces Closing of Public Offering
NEW YORK, Jan. 06, 2025 (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 public offering of 2,222,300 ordinary shares (the "Offering") on a best efforts basis at a public offering price of $2.25 per share, for gross proceeds of $5,000,175, before deducting placement agent discounts, commissions and Offering expenses. All of the ordinary shares were sold by the Company. The Company intends to use the net proceeds from the Offering primarily for costs directly related to sales and marketing, for research and development, working capital and
1/6/25 4:05:00 PM ET
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Roadzen Inc. Announces Pricing of Offering
NEW YORK, Jan. 03, 2025 (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 a best-efforts offering of 2,222,300 ordinary shares at a public offering price of $2.25 per share, for gross proceeds of approximately $5,000,000, before deducting placement agent fees and offering expenses. All of the ordinary shares are being offered by the Company. The offering is expected to close on January 6, 2025, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering primarily for costs directly related to sales and m
1/3/25 2:26:08 AM ET
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Roadzen Partners with Simple Energy and a Leading Global Reinsurer to Provide AI-Driven Extended Warranty for Electric Two-Wheelers
NEW YORK, Dec. 31, 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 partnership with Simple Energy, a new-age player building high-range electric two-wheelers, and a leading global reinsurer to offer extended warranties for Simple Energy's vehicles. The reinsurer provides the underwriting capacity and is responsible for paying claims. Simple Energy is dedicated to transforming the future of mobility through sustainable and innovative solutions. The company's flagship product, the Simple One, is a high-performance electric scooter designed to offer superior range, cuttin
12/31/24 9:25:00 AM ET
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Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety
NEW YORK, Dec. 19, 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's AI- powered Advanced Driver Assistance System (ADAS) platform, drivebuddyAI, has entered into a partnership with Bosch, one of the world's largest suppliers of automotive components and industrial products. This collaboration integrates Roadzen's drivebuddyAI platform with Bosch's automotive expertise, significantly expanding the global reach of Roadzen's ADAS and driver monitoring system (DMS) platforms. Rollout within Bosch's mobility solutions offerings has been launched with first orders alread
12/19/24 10:53:44 AM ET
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Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India
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 was selected as a Digital Service Provider ("DSP") for processing AI based claims after successfully completing a co
12/18/24 9:15:00 AM ET
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Roadzen Inc. Announces Closing of Public Offering
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 o
12/17/24 4:30:33 PM ET
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Roadzen Inc. Announces Pricing 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 t
12/15/24 10:30:00 PM ET
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Roadzen Set to Join Russell 2000® and Russell 3000® Indexes
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
5/30/24 8:30:00 AM ET
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Roadzen Appoints Bruce Goldberg as General Counsel
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
3/5/24 8:30:00 AM ET
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Roadzen Appoints Jean-Noël Gallardo as Global Chief Financial Officer
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
1/8/24 8:45:00 AM ET
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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
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
12/5/23 8:45:00 AM ET
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Roadzen Inc.

Recent Analyst Ratings for Roadzen Inc.

Roadzen Inc.

Recent Analyst Ratings for Roadzen Inc.

Roadzen Inc. Press Releases

Fastest customizable press release news feed in the world

Roadzen Reports Fiscal Third Quarter and First Nine-Months FY2025 Financial Results

Roadzen Strengthens Balance Sheet, Eliminates $5.5 Million in Short-Term Liabilities By Paying $1.65 million in Cash

Roadzen Adds DeepSeek R1 to Mixtape, Delivering Advanced Reasoning and Data Sovereignty for Insurance and Mobility AI Agents

Roadzen Inc. Announces Closing of Public Offering

Roadzen Inc. Announces Pricing of Offering

Roadzen Partners with Simple Energy and a Leading Global Reinsurer to Provide AI-Driven Extended Warranty for Electric Two-Wheelers

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

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

Roadzen Inc. Announces Closing of Public Offering

Roadzen Inc. Announces Pricing of Public Offering

Roadzen Inc. SEC Filings

SEC Form 10-Q filed by Roadzen Inc.

Roadzen Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form S-3 filed by Roadzen Inc.

Roadzen Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Other Events, Financial Statements and Exhibits

SEC Form 424B5 filed by Roadzen Inc.

Roadzen Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Financial Statements and Exhibits

Roadzen Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

SEC Form 424B5 filed by Roadzen Inc.

SEC Form 424B5 filed by Roadzen Inc.

Roadzen Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

Roadzen Inc. Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

SEC Form 4 filed by Director Carlson Steven J.

SEC Form 4 filed by Officer Malhotra Rohan

Large owner Avacara Pte, Ltd. acquired $938,000 worth of Ordinary Shares (335,000 units at $2.80), increasing direct ownership by 2% to 17,473,213 units (SEC Form 4)

Officer Malhotra Rohan bought $957 worth of Ordinary Shares (932 units at $1.03), increasing direct ownership by 0.12% to 780,842 units (SEC Form 4)

Officer Malhotra Rohan bought $5,648 worth of Ordinary Shares (6,750 units at $0.84), increasing direct ownership by 0.87% to 779,910 units (SEC Form 4)

Officer Malhotra Rohan bought $368 worth of Ordinary Shares (450 units at $0.82), increasing direct ownership by 0.06% to 773,160 units (SEC Form 4)

Officer Malhotra Rohan bought $2,848 worth of Ordinary Shares (1,910 units at $1.49), increasing direct ownership by 0.24% to 792,710 units (SEC Form 4)

Officer Malhotra Rohan bought $4,998 worth of Ordinary Shares (2,600 units at $1.92), increasing direct ownership by 0.33% to 790,800 units (SEC Form 4)

Director Vedbrat Supurna bought $1,030 worth of Ordinary Shares (500 units at $2.06), increasing direct ownership by 4% to 12,050 units (SEC Form 4)

Officer Malhotra Rohan bought $5,012 worth of Ordinary Shares (2,270 units at $2.21), increasing direct ownership by 0.29% to 788,200 units (SEC Form 4)

Roadzen Inc. Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Roadzen Inc.

Amendment: SEC Form SC 13G/A filed by Roadzen Inc.

Amendment: SEC Form SC 13G/A filed by Roadzen Inc.

SEC Form SC 13G filed by Roadzen Inc.

SEC Form SC 13G filed by Roadzen Inc.

SEC Form SC 13G filed by Roadzen Inc.

Roadzen Inc. Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Officer Malhotra Rohan bought $957 worth of Ordinary Shares (932 units at $1.03), increasing direct ownership by 0.12% to 780,842 units (SEC Form 4)

Officer Malhotra Rohan bought $5,648 worth of Ordinary Shares (6,750 units at $0.84), increasing direct ownership by 0.87% to 779,910 units (SEC Form 4)

Officer Malhotra Rohan bought $368 worth of Ordinary Shares (450 units at $0.82), increasing direct ownership by 0.06% to 773,160 units (SEC Form 4)

Officer Malhotra Rohan bought $2,848 worth of Ordinary Shares (1,910 units at $1.49), increasing direct ownership by 0.24% to 792,710 units (SEC Form 4)

Officer Malhotra Rohan bought $4,998 worth of Ordinary Shares (2,600 units at $1.92), increasing direct ownership by 0.33% to 790,800 units (SEC Form 4)

Director Vedbrat Supurna bought $1,030 worth of Ordinary Shares (500 units at $2.06), increasing direct ownership by 4% to 12,050 units (SEC Form 4)

Officer Malhotra Rohan bought $5,012 worth of Ordinary Shares (2,270 units at $2.21), increasing direct ownership by 0.29% to 788,200 units (SEC Form 4)

Director Vedbrat Supurna bought $4,460 worth of Ordinary Shares (2,000 units at $2.23), increasing direct ownership by 21% to 11,550 units (SEC Form 4)

Officer Malhotra Rohan bought $985 worth of Ordinary Shares (595 units at $1.65), increasing direct ownership by 0.08% to 765,930 units (SEC Form 4)

Director Vedbrat Supurna bought $1,853 worth of Ordinary Shares (1,300 units at $1.43), increasing direct ownership by 16% to 9,550 units (SEC Form 4)

Roadzen Inc. Leadership Updates

Live Leadership Updates

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

Roadzen Appoints Bruce Goldberg as General Counsel

Roadzen Appoints Jean-Noël Gallardo as Global Chief Financial Officer

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

Roadzen Inc. Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Maxim Group initiated coverage on Roadzen with a new price target