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Roadzen Signs Definitive Agreement to Acquire Majority Control of a Commercial Auto Insurance Broker, Expanding Its U.S. Footprint

RDZN
  • Roadzen Inc. (NASDAQ: RDZN) signed a definitive agreement to acquire majority control of a U.S. commercial auto insurance broker & managing general underwriter (MGU).
  • The transaction is scheduled to close within Q4 2025, subject to customary conditions, with the acquired entity's name to be disclosed post-closing.
  • The MGU is licensed in California, Texas, Illinois, & New Jersey, serving small & mid-sized fleets through 300+ agents while holding Lloyd's of London Coverholder status.
  • The acquired business achieved a $15 million annualized premium run rate in just seven months since issuing its first policy earlier in 2025.
  • Following integration with DrivebuddyAI & National Auto Club, the combined platform aims to reach approximately $150 million in Gross Written Premiums within three years.
  • The target operates on a commission & fee model without underwriting risk, earning 15–25% of premiums plus additional fee income & profit share.
  • The deal adds six new U.S. carrier relationships & 90+ commercial fleet clients to Roadzen's existing network.
  • Roadzen projects the combined operations will maintain net income margins of 25% or higher while positioning the U.S. as its second-largest global market.