Vahanna tech Edge Acquisition I filed an investor presentation highlighting its proposed merger with global insurance technology company Roadzen. Announce in February, the deal has a pro forma equity value post-closing of approximately $965 million.
The transaction reflects a pre-money equity value for Roadzen of approximately $683 million.
Estimated proceeds from the transaction are expected to consist of Vahanna's $204 million of cash in trust (assuming no redemptions), net of expenses.
All existing Roadzen shareholders are rolling 100% of their equity into the combined company.
The deal is also contingent on a $50 million minimum cash condition.
india-based Roadzen utilizes what it calls “advanced AI” to create transparency, efficiency, and a seamless experience for end customers who use its products through its insurer, original equipment manufacturer and fleet partners. Read more.
Source: Vahanna Tech Edge Acquisition I Files Investor Presentation on 5M Roadzen Deal