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GlobeNewsWire
9 days ago
Roadzen Announces Major Strategic Acquisition of AI-Powered Vehicle Repair Platform VehicleCare at CES 2026; Transaction Consideration Values Standalone India Business at ~$277 Million
Definitive Agreement for acquisition of VehicleCare is expected to extend Roadzen's claims intelligence platform into on-ground repair execution, enabling end-to-end control over repair timelines, quality, and cost outcomes for insurers VehicleCare is expected to contribute approximately $10 million of revenue over the twelve months following closing Transaction consideration to be paid in stock at Roadzen's India subsidiary, valuing Roadzen India at approximately $277 million (₹2,495 crore, or ~$3.50 per share) , representing an approximately 50% premium to Roadzen's current public market price , with no dilution to shareholders at the Nasdaq-listed parent . LAS VEGAS, Jan. 06, 2026 (GLOBE NEWSWIRE) -- On the opening day of CES 2026, Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global AI company operating at the intersection of insurance and mobility, announced it has entered into a definitive agreement to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform.