Streetbeat News

RDZN

Roadzen, Inc.

https://www.roadzen.io

Industry

Software - Application

RoadZen, lnc. provides an online on-demand roadside assistance services with a network of towing and roadside repair providers in India. The company suite enables Insurers and Automotive OEMs with real-time customer interactions, rapid claims processing, and better risk underwriting services. It also offers services in the areas of towing and removal, battery jumpstart, flat tire support, locked out/lost keys, fuel problems, and roadside assistance. The company was incorporated in 2015 and is based in New Delhi, India.

Open

1.15

Mkt cap

81M

Volume

180K

High

1.19

P/E Ratio

-0.73

52-wk high

6.99

Low

1.08

Div yield

N/A

52-wk low

0.71

Roadzen Inc. (Nasdaq: RDZN) announced its financial results for the fiscal third quarter and first nine months of FY2025, highlighting its position as a leader in AI within the insurance and mobility sectors.

Portfolio Pulse from

February 12, 2025 | 9:15 pm

Roadzen has strengthened its balance sheet by eliminating $12.6 million in short-term liabilities over the past six months. This was achieved by paying $1.65 million in cash and issuing approximately 1.2 million ordinary shares at $2.80 per share.

Portfolio Pulse from

February 04, 2025 | 2:15 pm

Roadzen Inc. has integrated DeepSeek's open-source reasoning model into its MixtapeAI platform, enhancing AI capabilities for insurance and mobility sectors while ensuring data sovereignty.

Portfolio Pulse from

January 28, 2025 | 2:00 pm

Roadzen Inc. has successfully closed its public offering of 2,222,300 ordinary shares at $2.25 per share, raising gross proceeds of $5,000,175.

Portfolio Pulse from

January 06, 2025 | 9:30 pm

Roadzen Inc. has announced the pricing of a best-efforts offering of 2,222,300 ordinary shares at $2.25 per share, aiming to raise approximately $5 million. The offering is expected to close on January 6, 2025.

Portfolio Pulse from

January 03, 2025 | 7:45 am

Roadzen Inc. has partnered with Simple Energy and a global reinsurer to offer AI-driven extended warranties for electric two-wheelers. This collaboration aims to enhance the warranty offerings for Simple Energy's vehicles.

Portfolio Pulse from

December 31, 2024 | 2:45 pm

Roadzen's drivebuddyAI has partnered with Bosch to enhance AI-driven road safety through their ADAS and DMS platform. This partnership aims to expand global opportunities for Roadzen's technology in fleets and OEMs.

Portfolio Pulse from

December 19, 2024 | 4:00 pm

Roadzen Inc. has expanded its AI-based claims contract with National Insurance Company Ltd. in India, increasing the number of regional offices using its XClaim platform from 10 to 14.

Portfolio Pulse from

December 18, 2024 | 2:30 pm

Roadzen Inc. has completed its public offering of 2.3 million shares, raising $2.875 million. The offering included the full exercise of the underwriter's option to purchase additional shares.

Portfolio Pulse from

December 17, 2024 | 9:45 pm

Roadzen Inc. has announced the pricing of a public offering of 2,000,000 ordinary shares at $1.25 per share, aiming to raise $2.5 million. The offering includes an option for underwriters to purchase an additional 300,000 shares. The closing is expected on December 17, 2024.

Portfolio Pulse from

December 16, 2024 | 3:45 am

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