Roadzen (RDZN) Company Overview

Profile

Full Name:

Roadzen, Inc.

Sector:

Technology

Country:

United States

IPO:

January 13, 2022

Indexes:

Not included

Description:

Roadzen (RDZN) is a technology company that uses data and artificial intelligence to improve road safety and transportation. They provide solutions for insurance, fleet management, and smart mobility, helping businesses and individuals make informed decisions while reducing risks on the road.

Key Details

Price

$1.25

Annual Revenue

$46.72 M(+244.56% YoY)

Annual EPS

-$2.26(-1002.98% YoY)

Annual ROE

989.39%

Beta

1.38

Events Calendar

Earnings

Next earnings date:

Feb 12, 2025

Recent quarterly earnings:

Nov 13, 2024

Recent annual earnings:

Jul 1, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Nov 15, 24 Maxim Group
Buy
Oct 28, 24 ThinkEquity
Buy
May 23, 24 Maxim Group
Buy

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Roadzen Strengthens Balance Sheet, Eliminates $5.5 Million in Short-Term Liabilities By Paying $1.65 million in Cash
Roadzen Strengthens Balance Sheet, Eliminates $5.5 Million in Short-Term Liabilities By Paying $1.65 million in Cash
Roadzen Strengthens Balance Sheet, Eliminates $5.5 Million in Short-Term Liabilities By Paying $1.65 million in Cash
RDZN
globenewswire.comFebruary 4, 2025

Roadzen has eliminated a total of $12.6 million in short-term liabilities over the last six months utilizing $1.65 million in cash and approximately 1.2 million ordinary shares priced at $2.80 per share Roadzen has eliminated a total of $12.6 million in short-term liabilities over the last six months utilizing $1.65 million in cash and approximately 1.2 million ordinary shares priced at $2.80 per share

Roadzen Adds DeepSeek R1 to Mixtape, Delivering Advanced Reasoning and Data Sovereignty for Insurance and Mobility AI Agents
Roadzen Adds DeepSeek R1 to Mixtape, Delivering Advanced Reasoning and Data Sovereignty for Insurance and Mobility AI Agents
Roadzen Adds DeepSeek R1 to Mixtape, Delivering Advanced Reasoning and Data Sovereignty for Insurance and Mobility AI Agents
RDZN
globenewswire.comJanuary 28, 2025

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 Inc. Announces Closing of Public Offering
Roadzen Inc. Announces Closing of Public Offering
Roadzen Inc. Announces Closing of Public Offering
RDZN
globenewswire.comJanuary 6, 2025

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.

Roadzen Inc. Announces Pricing of Offering
Roadzen Inc. Announces Pricing of Offering
Roadzen Inc. Announces Pricing of Offering
RDZN
globenewswire.comJanuary 3, 2025

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.

Roadzen Partners with Simple Energy and a Leading Global Reinsurer to Provide AI-Driven Extended Warranty for Electric Two-Wheelers
Roadzen Partners with Simple Energy and a Leading Global Reinsurer to Provide AI-Driven Extended Warranty for Electric Two-Wheelers
Roadzen Partners with Simple Energy and a Leading Global Reinsurer to Provide AI-Driven Extended Warranty for Electric Two-Wheelers
RDZN
globenewswire.comDecember 31, 2024

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.

Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety
Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety
Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety
RDZN
globenewswire.comDecember 19, 2024

Partnership expands global opportunity for Roadzen's AI-powered ADAS and DMS platform for Fleets and OEMs Partnership expands global opportunity for Roadzen's AI-powered ADAS and DMS platform for Fleets and OEMs

Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India
Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India
Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India
RDZN
globenewswire.comDecember 18, 2024

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 Inc. Announces Closing of Public Offering
Roadzen Inc. Announces Closing of Public Offering
Roadzen Inc. Announces Closing of Public Offering
RDZN
globenewswire.comDecember 17, 2024

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 ordinary shares (and/or Pre-funded Warrants) were sold by the Company.

Roadzen Inc. Announces Pricing of Public Offering
Roadzen Inc. Announces Pricing of Public Offering
Roadzen Inc. Announces Pricing of Public Offering
RDZN
globenewswire.comDecember 15, 2024

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 to purchase up to an additional 300,000 ordinary shares (and/or Pre-funded Warrants) at the public offering price less discounts and commissions, to cover over-allotments. The offering is expected to close on December 17, 2024, subject to satisfaction of customary closing conditions.

Roadzen Wins Prestigious IFTA Excellence in InsurTech Award
Roadzen Wins Prestigious IFTA Excellence in InsurTech Award
Roadzen Wins Prestigious IFTA Excellence in InsurTech Award
RDZN
globenewswire.comDecember 12, 2024

NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, announced that it was honored today with the IFTA Excellence in InsurTech award by the India FinTech Forum. The award recognizes Roadzen's outstanding achievements in demonstrating exceptional innovation, efficiency, and customer impact in the insurance industry.

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FAQ

  • What is the ticker symbol for Roadzen?
  • Does Roadzen pay dividends?
  • What sector is Roadzen in?
  • What industry is Roadzen in?
  • What country is Roadzen based in?
  • When did Roadzen go public?
  • Is Roadzen in the S&P 500?
  • Is Roadzen in the NASDAQ 100?
  • Is Roadzen in the Dow Jones?
  • When was Roadzen's last earnings report?
  • When does Roadzen report earnings?
  • Should I buy Roadzen stock now?

What is the ticker symbol for Roadzen?

The ticker symbol for Roadzen is NASDAQ:RDZN

Does Roadzen pay dividends?

No, Roadzen does not pay dividends

What sector is Roadzen in?

Roadzen is in the Technology sector

What industry is Roadzen in?

Roadzen is in the Software Application industry

What country is Roadzen based in?

Roadzen is headquartered in United States

When did Roadzen go public?

Roadzen's initial public offering (IPO) was on January 13, 2022

Is Roadzen in the S&P 500?

No, Roadzen is not included in the S&P 500 index

Is Roadzen in the NASDAQ 100?

No, Roadzen is not included in the NASDAQ 100 index

Is Roadzen in the Dow Jones?

No, Roadzen is not included in the Dow Jones index

When was Roadzen's last earnings report?

Roadzen's most recent earnings report was on Nov 13, 2024

When does Roadzen report earnings?

The next expected earnings date for Roadzen is Feb 12, 2025

Should I buy Roadzen stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions