Roadzen signs deal to buy European short-term car rental insurance MGA for $15 million

Roadzen, Inc.

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Roadzen agreed to buy a technology-driven European short-term car rental insurance MGA via its 92%-owned India unit.
Total consideration about USD 15 million; 50% due at closing, remainder as a three-year earn-out tied to milestones.
Sellers can take Roadzen India equity valued at about USD 280 million or cash; deal not expected to dilute Nasdaq shareholders.
Target writes about 800,000 policies annually; expected fiscal-year revenue USD 18-20 million, EBITDA USD 1.6-2 million.
Closing targeted for early Q4; Roadzen plans to apply AI pricing and computer-vision claims tools to the platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Roadzen Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607090730PRIMZONEFULLFEED9759634) on July 09, 2026, and is solely responsible for the information contained therein.

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