Roadzen signs definitive agreement to acquire Riverside (car rental MGA) for ~$15M

Roadzen Inc.

Total consideration ~$15M (£12M); 50% payable at closing, 50% as three-year earn-out based on milestones.
Target writes ~800,000 policies/year; expected FY revenue $18-20M and EBITDA $1.6-2M; no debt, positive FCF.
Acquired by Roadzen India (92% owned by Roadzen Inc.); sellers may elect equity in Roadzen India at ~$280M valuation, not dilutive to RDZN shareholders.
Business is a regulated MGA in EU/UK with A-rated underwriting capacity; strong combined ratio.
Closing expected early Q4 2026; Roadzen plans to layer AI for real-time pricing and computer-vision claims.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.