Vahanna Tech Edge Acquisition I Corp.
Completed 2023-09-26- CIK 1868640
- VHNA
- Now RDZN
- IPO 2021-11-24
- $213M trust
- 256 filings
Successfully merged with Roadzen, Inc. • Now trading as RDZN
- IPO Size
- $200M
- raised at the IPO
- Trust
- $213M
- as of 2023-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2021
- year it listed
Filings, by quarter
256 filings over 22 quarters; violet bars carry a milestone
- 21 Q2: 2 filings
- 21 Q3: 1 filing
- 21 Q4: 22 filings
- 22 Q1: 6 filings
- 22 Q2: 1 filing
- 22 Q3: 1 filing
- 22 Q4: 1 filing
- 23 Q1: 7 filings
- 23 Q2: 22 filings
- 23 Q3: 52 filings
- 23 Q4: 5 filings
- 24 Q1: 16 filings
- 24 Q2: 9 filings
- 24 Q3: 18 filings
- 24 Q4: 19 filings
- 25 Q1: 17 filings
- 25 Q2: 7 filings
- 25 Q3: 5 filings
- 25 Q4: 14 filings
- 26 Q1: 18 filings
- 26 Q2: 8 filings
- 26 Q3: 5 filings
- S-1 filed 21 Q2
- IPO 21 Q4
- Definitive agreement 23 Q1
- Completed 23 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Vahanna Tech Edge Acquisition I Corp. is a blank-check company seeking a business combination, with a focus on technology and technology-services companies connected to India and serving large addressable markets in India, the Americas, or Europe. It identifies IT services and BPO, vertical and horizontal technology companies, and SaaS businesses as target categories.
Investment Focus
Technology, IT Services, Business Services, FinTech, Healthcare, Education, Artificial Intelligence, Data & Analytics, Blockchain, Internet of Things, Robotics, Software
Geographic Focus
India, Americas, Europe
Key Information
As the filings state it
- IPO Date
- 2021-11-24
- Total Redemptions
- $168M
- PIPE
- $55.3M
- Jurisdiction of Incorporation
- British Virgin Islands
- SIC
- 6770
- Completion Date
- 2023-09-26
- Merger Target
- Roadzen, Inc.
- SPAC Ticker
- VHNA
- Merged Ticker
- RDZN
Stock Performance
RDZNTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2022-01-13 | $9.90 | |
| At Merger | 2023-09-27 | $4.55 | -54% |
| 6 Months Post-Merger | 2024-03-28 | $6.50 | +43% |
| 1 Year Post-Merger | 2024-09-26 | $1.30 | -71% |
| 2 Years Post-Merger | 2025-09-26 | $0.88 | -81% |
| Current Price | 2026-10-16 | $1.03 | -90% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team combines technology, IT-services and cross-border M&A experience with investing and capital-markets expertise. Its executive officers and directors have led or invested in technology platforms, while its advisors bring financial-services, technology, and entrepreneurial backgrounds.