Roadzen raises $8.0M through sale of 4.7M shares at $1.70 in best-efforts offering

Filed May 5, 2026 · Period ending May 4, 2026 · ~1 min read

Key Changes

• high

  Roadzen sold 4.7 million ordinary shares at $1.70 per share, raising $8.0 million gross proceeds before fees. The offering closed May 5, 2026, arranged by Maxim Group as placement agent.

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• medium

  Net proceeds will fund working capital and general corporate purposes, with possible partial use for debt repayment. No specific allocation breakdown was provided.

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• medium

  Maxim Group received 6% of gross proceeds (approximately $480,000) plus $30,000 expense reimbursement, reducing net proceeds available to the company.

  Item 1.01 verify on EDGAR →