Roadzen
RDZN

$1.77

6.84%

Market Cap: $121M

About: Roadzen Inc is an insurance technology company on a mission to transform global auto insurance powered by advanced AI. Its clients comprise major insurers, fleets, and carmakers to small fleets, brokers, and insurance agents that use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. The company's work in telematics and computer vision has earned recognition as an AI innovator by publications such as Forbes, Fortune, and Financial Express.

Employees: 379

Financials Insurance Agents, Brokers & Service

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

667% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 3

200% more funds holding

Funds holding: 10 [Q1] → 30 (+20) [Q2]

0.59% more ownership

Funds ownership: 7.16% [Q1] → 7.75% (+0.59%) [Q2]

60% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 5

63% less capital invested

Capital invested by funds: $31.8M [Q1] → $11.8M (-$20.1M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for RDZN.

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Financial journalist opinion

Roadzen Reports its Best Fiscal First Quarter Results in Q1 2025 Buoyed By Strong Year-Over-Year Revenue Growth and Addition of Several Marquee Clients

NEW YORK, Aug. 13, 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 first quarter financial results for the three-months ended June 30, 2024.

Roadzen Reports its Best Fiscal First Quarter Results in Q1 2025 Buoyed By Strong Year-Over-Year Revenue Growth and Addition of Several Marquee Clients

Roadzen Secures Mizuho Debt Extension and Facility Increase

Additional $4 Million and Extension of Maturity on Existing $7.5 Million Facility Additional $4 Million and Extension of Maturity on Existing $7.5 Million Facility

Roadzen Secures Mizuho Debt Extension and Facility Increase

Roadzen CEO and Chairman Agree to Exchange $3.5 Million of Short-Term Debt for Equity in the Company

NEW YORK, July 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 the Company's Special Committee of Independent Directors has unanimously approved a plan for certain related parties to release $3.5 million of short-term debt in exchange for ordinary shares of RDZN. The related parties that have executed binding term sheets and agreed to the exchange include Roadzen's CEO, Rohan Malhotra, and Pi Capital International Inc. and its affiliate Marco Polo Securities, Inc., which is principally owned by Roadzen's Chairman of the Board.

Roadzen CEO and Chairman Agree to Exchange $3.5 Million of Short-Term Debt for Equity in the Company

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Why Is Roadzen (RDZN) Stock Up 75% Today?

The artificial intelligence arms race may have uncovered a new stock that investors should be watching. Roadzen (NASDAQ: RDZN ) is bring AI to the world of auto insurance and according to its recent earnings report, business has been good.

Why Is Roadzen (RDZN) Stock Up 75% Today?

Roadzen Earnings: Avoid Or Become Roadkill

Roadzen's share price surged over 50% premarket, providing relief to shareholders after a significant decline in the past 2 months. Despite a promising AI-driven value proposition in auto insurance, Roadzen's heavily leveraged balance sheet and volatile revenue growth rates present significant risks. With looming debt obligations and an uncertain near-term outlook, investors are advised to avoid investing in Roadzen at this time.

Roadzen Earnings: Avoid Or Become Roadkill

Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company

NEW YORK, July 01, 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 results for the twelve-months ended March 31, 2024.

Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company

Roadzen's xClaim Platform Selected by Top 6 Indian P&C Insurer to Bring AI to Claims Processing

Oriental Insurance Company Limited (OICL), one of the leading Property & Casualty insurance carriers in India, partners with Roadzen for advanced claims management Oriental Insurance Company Limited (OICL), one of the leading Property & Casualty insurance carriers in India, partners with Roadzen for advanced claims management

Roadzen's xClaim Platform Selected by Top 6 Indian P&C Insurer to Bring AI to Claims Processing

Roadzen Onboards New Commercial Auto Insurance Partner in India, Projected to Deliver Over $10 Million in Annual Revenue

Roadzen's New Partnership with Commercial Auto Agency Network Adds 1,200 Strong Salesforce, Expected to Deliver Upwards of $65 Million in Gross Written Premium Providing Coverage for Over 300,000 Vehicles Roadzen's New Partnership with Commercial Auto Agency Network Adds 1,200 Strong Salesforce, Expected to Deliver Upwards of $65 Million in Gross Written Premium Providing Coverage for Over 300,000 Vehicles

Roadzen Onboards New Commercial Auto Insurance Partner in India, Projected to Deliver Over $10 Million in Annual Revenue

Roadzen to Participate on the InsurTech Panel at the Jefferies Global FinTech Conference on June 12, 2024

NEW YORK, June 05, 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 will participate in the upcoming Jefferies Global FinTech Conference, which is being held June 12-13, 2024, at the Park Hyatt in New York City.

Roadzen to Participate on the InsurTech Panel at the Jefferies Global FinTech Conference on June 12, 2024

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