Roadzen announces final closing of India subsidiary financing

Roadzen (RDZN) announced the final closing of its previously announced India subsidiary financing, raising the full $7M. The round, which was increased from $4.5M due to strong investor demand, establishes a valuation of $91M for the standalone India business. India, which represents roughly 60% of Roadzen’s global business, provides an independent benchmark that implies a valuation of approximately $2 per share for the Nasdaq-listed parent – an almost 100% premium to its recent trading price and a strong signal of investor confidence in the company’s fundamentals. The financing was led by leading institutions including Team India, Quant AMC, Valentis Advisors, Prime Securities Group, and also brought in marquee investors including Utpal Sheth and Anand Jain, among others. Structured as straight common equity, the raise resulted in no dilution to shareholders of the Nasdaq-listed parent company and approximately ~8% dilution at the subsidiary level. Proceeds are expected to fuel Roadzen’s projected 50%+ revenue growth in India and accelerate its global AI initiatives, including DrivebuddyAI – the only government-validated ADAS platform positioned to capture more than one million new commercial vehicles annually under new AIS-184 safety mandates.