Roadzen Inc. rose 2% in after-hours trading, following the announcement of a strategic equity financing round anchored by marquee investors, including leading family offices and institutional investors in India. The financing values Roadzen’s India subsidiary at approximately a 25% premium to the Nasdaq-listed parent company’s market capitalization. The proceeds are expected to accelerate growth in India, drive technology advancements for the global business, and reinforce Roadzen’s AI leadership, with a 50%+ revenue CAGR expected for the next three years in India.
Comments
No comments yet