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NEW YORK, July 24, 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 it has signed agreements to complete a $2.25 million private placement of common stock at a price of $1.25 per share (the "PIPE"), representing approximately a 20% premium to the Company's recent trading levels. The PIPE financing is being provided by four of Roadzen's largest shareholders, underscoring their continued support and conviction in the Company's execution. The shares issued in the PIPE will be restricted securities and subject to a six-month holding period under Rule 144 of the Securities Act.
"We're building Roadzen for the long term, and this raise — led by some of our largest shareholders — reinforces that commitment," said Rohan Malhotra, Founder and CEO of Roadzen. "These are patient, high-conviction investors who believe the Company is significantly undervalued and chose to invest at a premium to support our growth and strengthen the balance sheet. Their participation reflects confidence in our execution and the opportunities ahead, and we are thankful for their support. With this backing, we're well-positioned to accelerate progress — from scaling DrivebuddyAI to expanding sales in the U.S. and India — and to stay on track toward Adjusted EBITDA breakeven by the December quarter."
Malhotra added, "This raise is also a reflection of our disciplined capital strategy — we've kept the cap table tight, avoided broad-based dilution, and brought in aligned capital to fund this next leg of execution."
Proceeds from the financing will be used to support Roadzen's working capital towards achieving positive Adjusted EBITDA, including continued deployment of DrivebuddyAI, and driving growth across its key markets. The Company continues to target Adjusted EBITDA breakeven by the quarter ending December 2025.
As an additional show of alignment with shareholders, Roadzen's CEO and leadership team have deferred the vesting of their Restricted Stock Units (RSUs) until September 2026. This decision underscores management's confidence in delivering the strategic plan and their commitment to long-term shareholder value creation.
Posted In: RDZN
