Roadzen raises $8M through direct offering of 4.7M shares at $1.70 each to fuel AI-driven insurance tech growth.

Roadzen Inc. announced a registered direct offering of 4,705,870 ordinary shares priced at $1.70 each, aiming to raise approximately $8 million before fees. The funds will support Roadzen's expansion in AI technology that integrates insurance and mobility, enhancing risk prediction, claims automation, and embedded insurance services. The offering is expected to close around May 5, 2026, with Maxim Group LLC as the sole placement agent. This capital raise positions Roadzen to continue innovating in telematics, generative AI, and computer vision for the insurance and automotive sectors globally.