Roadzen enters $2.25 million private placement with institutional investors

Roadzen Inc. (NASDAQ:RDZN) announced it has entered into securities purchase agreements with certain institutional investors for the private placement of 1,803,134 ordinary shares at $1.25 per share, raising approximately $2,253,917 in total. The transaction was completed Thursday, according to a press release statement based on the company’s filing with the Securities and Exchange Commission.

Among the purchasers, Avacara PTE Ltd., a significant shareholder of Roadzen, acquired 104,000 shares for $130,000. Rohan Malhotra, Roadzen’s Chief Executive Officer and director, is the principal owner and Managing Partner of Avacara.

The company also entered into a registration rights agreement with the investors, committing to use its reasonable best efforts to file a registration statement for the resale of the shares by October 27, 2025.

The shares were sold in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Rule 506 of Regulation D.

Additionally, Roadzen amended the vesting schedules of certain restricted stock unit (RSU) awards previously granted to its executive officers. The vesting dates for 5,616,550 RSUs for CEO Rohan Malhotra and 1,250,007 RSUs for COO Ankur Kamboj were changed from September 17, 2025, to September 17, 2026. The vesting date for 115,000 RSUs granted to CFO Jean-Noel Gallardo was changed from November 20, 2025, to November 20, 2026. These changes are subject to the executives’ continued service with the company through the new vesting dates.

Roadzen’s ordinary shares and warrants are listed on The Nasdaq Stock Market LLC under the symbols RDZN and RDZNW, respectively.

This article is based on a press release statement and information disclosed in a filing with the Securities and Exchange Commission.

In other recent news, Roadzen Inc. has secured $2.25 million through a registered direct offering, selling 1,730,769 ordinary shares at $1.30 per share. This transaction was facilitated by Maxim Group LLC and is expected to generate gross proceeds before fees and expenses. Additionally, Roadzen raised another $2.25 million in a private placement of common stock at $1.25 per share, a 20% premium to recent trading prices, from four of its largest existing shareholders. In a strategic development, Roadzen has partnered with a leading two-wheeler manufacturer to provide roadside assistance for electric vehicles in India. This collaboration will see Roadzen’s AI platform integrated into new electric vehicles, offering customers direct access to assistance services. Furthermore, Roadzen’s UK subsidiary, Global Insurance Management Limited, has teamed up with a major UK car retailer to offer Guaranteed Asset Protection (GAP) insurance. This partnership will allow the retailer to offer Return to Invoice GAP insurance to its substantial customer base of over 60,000 vehicle buyers annually. These developments mark significant steps in Roadzen’s expansion and service offerings.

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