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Announced

Completed

Roadzen went public via merger with Tech Edge Acquisition I in a $683m deal.

Financials

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Transaction Value£566m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

insurance technology

software development

Software

United States

Acquisition

Merger

Private

Reverse Takeover

Friendly

Single Bidder

Majority

De-SPAC

Completed

Synopsis

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Roadzen, a global insurance technology company, went public via merger with Tech Edge Acquisition I, a special purpose acquisition company, in a $683m deal. "Going public is a pivotal moment in Roadzen’s journey, yet it’s merely one milestone in our mission to deliver simpler, smarter and safer insurance to drivers globally. We’re incredibly excited about the transformative potential of AI in reshaping the $800bn auto insurance market and are going to be unwavering in our focus to build Roadzen as the leader at the intersection of AI, mobility and insurance," Rohan Malhotra, Roadzen Founder and CEO.

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