Roadzen (RDZN) Registration Filing summary

Company overview and business model

• Operates as a global Insurtech company leveraging AI, computer vision, and telematics to transform auto insurance, claims, and driver safety for insurers, OEMs, and fleet partners.

• Offers commission-based revenue as an insurance broker and fee-based revenue from cloud, mobile, and AI telematics applications.

• Serves insurance companies, automotive OEMs, fleets, and financial services as primary client types.

• Expanded into the U.S. and U.K. markets through acquisitions of Global Insurance Management Ltd. (UK MGA) and National Automobile Club (US roadside assistance and claims management).

• Focuses on embedded and B2B2C insurance distribution, dynamic underwriting, API-led distribution, and real-time claims processing.

Financial performance and metrics

• Closed a $2.5 million underwritten public offering in December 2024 and a $5.0 million best-efforts offering in January 2025.

• Converted $3.5 million in liabilities to equity via share issuance to related parties in December 2024.

• Outstanding senior secured notes total $11.5 million at 15% interest, with maturity extended to December 31, 2025.

• Issued convertible debentures with a 13% interest rate, maturing December 15, 2025, convertible at $10/share, with anti-dilution and adjustment features.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of shares by selling securityholders; proceeds from recent offerings used for general corporate purposes.

• Converted debt to equity and issued shares for consulting, employment, and liability settlements.