04:40 PM EST, 01/06/2025 (MT Newswires) -- Roadzen ( RDZN ) closed its public offering of 2.22 million ordinary shares at $2.25 apiece for gross proceeds of $5 million.

Net proceeds will be mainly for costs related to sales and marketing, for research and development, working capital and general corporate purposes, the company said Monday in a statement.

Roadzen ( RDZN ) may also use part of the proceeds to repay debt.