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

1.91

Mkt cap

122M

Volume

585K

High

2.22

P/E Ratio

-1.20

52-wk high

7.17

Low

1.68

Div yield

N/A

52-wk low

0.71

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

Roadzen Inc. (Nasdaq: RDZN) has been awarded the IFTA Excellence in InsurTech award by the India FinTech Forum, recognizing its innovation and impact in the insurance industry.

Portfolio Pulse from

December 12, 2024 | 4:45 pm

Roadzen Inc. has reached an agreement with Mizuho Securities to extend the maturity of its $11.5 million senior secured notes by one year, providing the company with additional financial flexibility.

Portfolio Pulse from

December 12, 2024 | 3:15 pm

Roadzen Inc. has partnered with Cimarron Underwriters to expand its insurance distribution across all 50 U.S. states by leveraging Cimarron's MGA licenses.

Portfolio Pulse from

December 11, 2024 | 1:45 pm

Roadzen's National Automobile Club has signed a contract with Motive, a leading AI-powered fleet management company. This partnership aims to provide emergency roadside assistance and towing services to Motive's customers, offering substantial savings.

Portfolio Pulse from

December 10, 2024 | 3:45 pm

Roadzen Inc. has been selected by a major LPG supplier in India to implement its drivebuddyAI system across the supplier's truck fleet. This system aims to enhance road safety and compliance by monitoring driver fatigue and providing real-time feedback.

Portfolio Pulse from

December 09, 2024 | 5:00 pm

Roadzen Inc. (Nasdaq: RDZN) announced that its DrivebuddyAI platform has received ARAI certification, marking it as the first AI-powered ADAS to achieve this in India. The platform has also surpassed one billion kilometers of real-world driving data.

Portfolio Pulse from

December 06, 2024 | 1:45 pm

Roadzen Inc. (Nasdaq: RDZN) released its financial results for the second quarter and first half of FY2025, highlighting its position as a leader in AI within the insurance and mobility sectors.

Portfolio Pulse from

November 13, 2024 | 9:15 pm

Roadzen has filed a mixed shelf registration with the SEC to raise up to $100 million. This move allows the company to offer various securities, such as debt or equity, to the public over time.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 9:26 pm

Roadzen shares rose after ThinkEquity initiated coverage with a Buy rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:14 pm

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