Roadzen Inc

roadzen.ai

What Do They Do?

Sells auto insurance through brokerage and distribution, and provides software for insurers, carmakers and fleet operators to manage policies, claims and vehicle safety.

How Do They Make Money?

Roadzen earns brokerage commissions and fees from insurance carriers on each policy, and earns platform fees from insurers, carmakers and fleet companies per vehicle or use.

revenue

Segment	Share	Revenue	How money arrives
Commision and Distrubution Service Usage-based	50% FY2023: 68%		Usage-based
Insurance Service Usage-based	50% FY2023: 32%		Usage-based

Who Are Their Customers?

Insurers, carmakers and fleets buy Roadzen’s software and services directly through sales teams; its brokerage business also reaches policyholders through agents and captive channels such as dealerships, fleets and used-car platforms.

Customers above 10% of revenue, FY2026

of revenue from three customers (13%, 10%, 8%)

FY2025: 37% from three customers

How Are They Changing?

Since the FY2026 annual report

Latest quarter: Q1 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +49%; vs $10.9M in Q1 FY2025
Net income: ▲ +145% (Loss); vs −$4M in Q1 FY2025

Commision And Distrubution Service share of revenue vs 52.7% in Q1 FY2025

Aug 13, 2026 Projects exiting fiscal 2027 at a $100 million-plus annualized run rate
Jul 9, 2026 Agrees to acquire European short-term car rental insurance MGA The acquisition is expected to add approximately $18–20 million in revenue and approximately $1.6–2 million in EBITDA.

Revenue over time

Commision and Distrubution Service Insurance Service

$100M$50M$0

FY2023 FY2024 FY2025 FY2026

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