EXCLUSIVE Roadzen Targets $200 Million Gross Written Premium After Acquiring Majority Stake In US MGU

News Source : Yahoo Entertainment

News Summary

Roadzen, Inc. (NASDAQ:RDZN) inked a deal to acquire a majority controlling stake of a licensed commercial auto insurance broker and managing general underwriter (MGU) The acquiree company is based in California and operates across several U.S. states.
Roadzen expects the platform to grow to over $200 million in Gross Written Premium (GWP) within three years.
RDZN shares closed lower by 1.43% at $1.38 on Tuesday.

Roadzen, Inc. (NASDAQRDZN) on Wednesday disclosed that it inked a deal to acquire a majority controlling stake of a licensed commercial auto insurance broker and managing general underwriter (MGU). [+2360 chars]

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