Roadzen Inc. closed public offering, raising $2.875 million for sales, marketing, R&D.

From GlobeNewswire: 2024-12-17 16:30:00

Roadzen Inc. (Nasdaq: RDZN) closed its public offering of 2,300,000 ordinary shares at $1.25 per share, totaling $2,875,000 in gross proceeds. The net proceeds will be used for sales and marketing, R&D, and other corporate purposes. ThinkEquity acted as the sole book-running manager for the offering, made under a shelf registration statement. Roadzen Inc. is a global technology company using AI to transform auto insurance and has received recognition for its innovative work in telematics and AI. The company aims to improve road safety and efficiency in insurance processes.



Read more at GlobeNewswire: Roadzen Inc. Announces Closing of Public Offering