Roadzen, Inc. Price & Performance (RDZN)

Roadzen Inc., a NASDAQ-listed insurtech firm, reported a sharp drop in annual EBITDA, plummeting from a $10 million loss in 2023 to a $75 million loss in 2024. The company, which specializes in AI-driven auto insurance solutions, faces mounting challenges as it pushes for growth in a competitive sector.12

Vahanna Tech Edge Acquisition I Corp. has extended its deadline to complete a merger with Roadzen, an AI-focused insurance technology company. Once finalized, the combined entity will operate as Roadzen Inc., reflecting ongoing consolidation trends in the rapidly evolving insurtech market.31

Recent market data reveal Roadzen Inc. trades at a price-to-book ratio of -2.2x, significantly below the sector average of 1.1x. Despite its innovative AI offerings, Roadzen’s valuation lags behind industry peers, highlighting investor caution amid ongoing losses and uncertain profitability prospects.12