0000950170-24-079647 | 10-K | XBRL Viewer

Risk free rate

4.13% - 4.47%

Volatility

108.18% - 126.55%

Annual Interest rate

Conversion Price

Business Combinations

12 Months Ended

Mar. 31, 2024

. Business combinations

a) Global Insurance Management Limited

During the period ended June 30, 2023, Roadzen (DE) (on June 30, 2023) acquired 100% of the equity interests in Global Insurance Management Limited for a cash consideration of $3,998,000. Global Insurance Management Limited was incorporated in United Kingdom and is engaged in the business of underwriting, pricing and distribution of Insurance products. As of March 31, 2024, the Company has transferred the entire consideration and Roadzen (DE) has exercised board control over Global Insurance Management from June 30, 2023. The financial results of Global Insurance Management have been included in the Company's consolidated financial statements from June 30, 2023 as the Company has possessed the power to direct the relevant activities of Global Insurance Management from the Share Purchase Agreement date.

The major classes of assets and liabilities to which we have allocated the purchase price were as follows:



Cash and cash equivalents	10,997,974
Acquired customer contract (Refer Note 9)	1,157,920
Other assets	7,157,343
Other liabilities	(15,947,363	)
Net assets	3,365,874
Purchase consideration	3,998,000
Goodwill (Refer Note 21(d))	632,126

The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill and is primarily attributed to the synergies expected from marketing expertise and penetration which the acquiree possesses.

Following are details of the purchase price allocated to the intangible assets acquired:


	Amount		Weighted average life
Acquired customer contracts		1,157,920	3 years

b) National Automobile club

During the period ended June 30, 2023, Roadzen (DE) (on June 06, 2023) acquired 100% of the equity interests in National Automobile Club for a cash consideration of $2,238,000. National Automobile Club was incorporated in the United States of America and is engaged in the business of Roadside Assistance services. As of March 31, 2024, Roadzen (DE) has transferred a consideration amounting to $1,750,000, however, Roadzen (DE) exercises board control over National Automobile Club from June 06, 2023. The financial results of National Automobile Club have been included in the Company's consolidated financial statements from June 06, 2023 as the Company possess the power to direct the relevant activities of National Automobile Club from the Share Purchase Agreement date.

The major classes of assets and liabilities to which we have allocated the purchase price were as follows:



Cash and cash equivalents	182,713
Intangible assets	13,384
Acquired customer contract (Refer Note 9)	870,027
Other assets	1,947,606
Other liabilities	(1,215,247	)
Net assets	1,798,483
Purchase consideration	2,238,000
Goodwill (Refer Note 21(d))	439,517

Following are details of the purchase price allocated to the intangible assets acquired:


	Amount		Weighted average life
Acquired customer contracts		870,027	3 years

c) FA Premium Insurance Broking Private Limited

During the period ended September 30, 2023, Roadzen (DE) (on July 1, 2023) acquired 100% of the equity interests in FA Premium Insurance Broking Private Limited for a consideration of $1,279,820. FA Premium Insurance Broking Private Limited was incorporated in India and is engaged in the business of broking services. As of March 31, 2024, Roadzen (DE) has transferred a consideration amounting to $1,204, however, Roadzen (DE) exercises board control over FA Premium Insurance Broking Private Limited, accordingly it has been consolidated with effect from.from July 1, 2023.

The major classes of assets and liabilities to which we have allocated the purchase price were as follows:



Cash and cash equivalents	72,430
Intangible assets	34,754
Acquired customer contract (Refer Note 9)	20,345
Acquired distribution network (Refer Note 9)	814,365
Other assets	670,182
Other liabilities	(736,298	)
Net assets	875,778
Purchase consideration	1,279,820
Goodwill (Refer Note 21(d))	404,042

Following are details of the purchase price allocated to the intangible assets acquired:


	Amount		Weighted average life
Acquired distribution network		814,365	3 years
Acquired customer contracts		20,345	3 years

d) Goodwill


	As of March 31, 2024			As of March 31, 2023
Opening balance		996,441			1,725,292
Goodwill relating to acquisitions consummated during the year (Refer Note 21 (a), (b) & (c))		1,475,685			—
Derecognition on deconsolidation of subsidiaries		(535,844	)		—
Impairment recognized on goodwill during the year		—			(664,903	)
Impairment reversed on goodwill during the year on account of deconsolidation of subsidiaries		131,803			—
Effect of exchange rate changes		(6,532	)		(63,948	)
Closing balance		2,061,553			996,441

During the year ended March 31, 2024, the Company acquired Global Insurance Management Limited, National Automobile Club and FA Premium Insurance Private Limited with a goodwill of $632,126, $439,517 and $404,042. The Company ceases to hold board control over Peoplebay Consultancy Services Private Limited, FA Events & Media Private Limited with effect from October 1, 2023 and FA Premium Insurance Private Limited with effect from January 1, 2024 and as a result goodwill related to FA Premium Insurance Private Limited has been derecognized; goodwill related to Peoplebay Consultancy Services Private Limited and FA Events & Media Private Limited which was previously impaired has been reversed.

The Company performed qualitative assessment for other entities and indicated that it is more likely than not that the fair value of the acquired entities exceeded its carrying value, therefore, the assessment did not result in an impairment.

During the year ended March 31,2023, the Company decided to shift its focus more on insurance distribution services rather than engaging into insurance support services. Due to the change in the business strategy, it is more likely than not that the carrying value of the distribution and marketing entities exceeded its fair value. As a result, the company performed a goodwill impairment assessment during the year ended March 31, 2023, by comparing the fair value of the affected entities (FA Events and Media Private Limited, Peoplebay Consultancy Services Private Limited, Kintsugi Innovation Labs Private Limited) to its carrying value. Fair value was determined by using DCF(discounted cashflow method) which is a level 3 measurement. The carrying value of the affected entities exceeded its fair value and as a result, a goodwill impairment charge of $664,903 (including amount of $24,591 due to foreign exchange fluctuation) was recorded in consolidated statements of operations under the head "Impairment of goodwill and intangibles with definite life" during the year ended 31st March 2023.

Revenue (Tables)

12 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Summarizes Revenue By The Company's Service

The following table summarizes revenue by the Company's service offerings:


	For the year ended March 31, 2024		For the year ended March 31, 2023
Revenue from services
Commission and Distribution Income		30,500,018		9,173,671
Income from Insurance as a Service		16,224,268		4,386,827
		46,724,287		13,560,498

Summary of Contract Liabilities from Contract with Customers

The following table provides information about receivables and contract liabilities from contracts with customers:


	As of March 31, 2024		As of March 31, 2023
Contract liabilities
Deferred revenue		656,968		108,442
Advance from Customers				-
Total contract liabilities		656,968		108,442
Contract assets
Unbilled revenue		1,821,134		868,382
Total contract assets		1,821,134		868,382

Recapitalization (Tables)

12 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Summary of Business Acquisition Elements Reconciled to Consolidated Financial Statements


Cash-trust and cash, net of redemptions	26,824
Less: transaction costs and advisory fees, paid	—
Net proceeds from the Business Combination	26,824
Add: other current assets (including FPA)	46,257,695
Less: transaction costs and advisory fees, accrued	(17,697,924	)
Less: promissory note	(3,731,708	)
Reverse recapitalization, net	24,854,887

Summary of Number of Ordinary Shares Issued Immediately Following the Consummation of the Business Combination

The number of shares of Ordinary Share issued immediately following the consummation of the Business Combination were:


Vahanna Class A common stock, outstanding prior to the Business Combination	25,012,500
Less: redemption of Vahanna Class A common stock	(15,670,446	)
Class A common stock of Vahanna	9,342,054
Roadzen (DE) Common stock	58,396,520
Shares issued to FPA	702,255
Ordinary shares immediately after the Business Combination	68,440,829
Unvested Restricted Stock Units	9,903,500

Summary of Number of Roadzen Inc Shares

The number of Roadzen (DE) shares was determined as follows:


	Roadzen (DE) Common stock		Ordinary Shares issued to shareholders of Roadzen (DE)
Common stock		606,425		16,501,984
Convertible preferred stock		1,539,566		41,894,536
		2,145,991		58,396,520

Other Current Liabilities - Schedule of Other Current Liabilities (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Other Liabilities, Current [Abstract]
Statutory liabilities	$ 1,252,384	$ 1,417,751
Deferred revenue	656,968	108,442
Advance from customers	445,696	52,227
Provision for income tax	0	83,054
Retirements benefits	14,128	3,008
Other payables	862,786	839,411
Other current liabilities	$ 3,231,962	$ 2,503,893

Condensed Consolidated Statements of Cash Flow - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net loss including non controlling interest	$ (99,859,078)	$ (14,201,151)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,185,858	1,624,208
Stock based compensation	56,303,135
Deferred income taxes	(86,020)	(131,378)
Unrealised foreign exchange loss/(profit)	(459,190)	9,184
Fair value losses in financial instruments carried at fair value	19,475,005	1,009,374
Gain on deconsolidation of subsidiaries	(2,098,745)
Gain on fair valuation of investments	(1,812)
Impairment of investment	3,395,234
Gain on sale of property and equipment		(625)
Expected credit loss (net of reversal)	293,853
Provision on doubtful advances and receivables	4,877,222
Lease equalisation reserve		(9,675)
Impairment loss		919,517
Balances written off/(back)	(51,513)	7,164
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:
Inventories	(11,688)	(9,352)
Income taxes, net	(64,243)	(55,766)
Accounts receivables, net	5,865,550	(943,470)
Prepayments and other assets	(23,861,458)	(529,692)
Accounts payable and accrued expenses and other current liabilities	19,344,448	4,193,439
Other liabilities	(674,090)	571,519
Net cash used in operating activities	(15,427,532)	(7,546,704)
Cash flows from investing activities
Purchase of property and equipment, intangible assets and goodwill	(455,924)	(842,045)
Proceeds from sale of property, plant and equipment		686
Acquisition of businesses	(5,749,200)
Investment in mutual funds	(500,000)
Net cash used in investing activities	(6,705,124)	(841,359)
Cash flows from financing activities
Proceeds from business combination	26,824
Proceeds from issue of preferred stock	6,079,409	458,000
Proceeds from exercise of preferred share warrants		9,996
Proceeds from long-term borrowings	2,438,014	4,107,029
Repayments of long-term borrowings	(11,684)	(612,645)
Net proceeds/(payments) from short-term borrowings	13,039,186	4,398,343
Net cash generated from financing activities	21,571,749	8,360,723
Effect of exchange rate changes on cash and cash equivalents	(244,444)	72,752
Net (decrease)/increase in cash and cash equivalents (including restricted cash)	(805,351)	45,412
Cash acquired in business combination	11,238,609
Cash and cash equivalents at the beginning of the period (including restricted cash)	1,131,830	1,086,418
Cash and cash equivalents at the end of the period (including restricted cash)	11,565,088	1,131,830
Reconciliation of cash and cash equivalents
Cash and cash equivalents	11,186,095	589,340
Restricted cash	378,993	542,490
Total cash and cash equivalents	11,565,088	1,131,830
Supplemental disclosure of cash flow information
Cash paid for interest, net of amounts capitalized	623,525	457,177
Cash paid for income taxes, net of refunds		141,228
Non-cash investing and financing activities
Exercise of warrant for issuance of convertible preferred stock		103,159
Convertible preferred stock issued on conversion of convertible notes		24,006,892
Consideration payable in connection with acquisitions	488,000	243,036
Interest accrued on borrowings	$ 451,323	$ 257,188

Ordinary Shares - Schedule of Ordinary Shares Reserved For Future Issuance On An As-converted Basis (Details) - shares	Mar. 31, 2024	Mar. 31, 2023
Conversion of outstanding redeemable convertible instruments
Class of Stock [Line Items]
Ordinary shares reserved for future issuance	137,448	25,743,890
Warrants
Class of Stock [Line Items]
Ordinary shares reserved for future issuance	21,045,965
Remaining shares available for future issuance under the Company's equity incentive plan
Class of Stock [Line Items]
Ordinary shares reserved for future issuance	9,707,928

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483014/272-10-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482987/272-10-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

+ Details

Revenue - Summary of Contract Liabilities from Contract with Customers (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Contract liabilities
Deferred revenue	$ 656,968	$ 108,442
Total contract liabilities	656,968	108,442
Contract assets
Unbilled revenue	1,821,134	868,382
Total contract assets	$ 1,821,134	$ 868,382

Intangible Assets, Net - Additional Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Indefinite-Lived Intangible Assets [Line Items]
Impairment charge		$ 254,614
CTA impact		$ 9,915
FA Premium Insurance Broking Pvt. Ltd Global Insurance Management Limited and National Automobile Club
Indefinite-Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 4,955,565
Intangible assets derecognized	2,017,117
Impairment on customer contract reversed	$ 335,185

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Payables and Accruals [Abstract]
Accounts payable	$ 22,795,847	$ 2,008,731
Accrued expenses	5,916,896	3,575,445
Amounts due to employees	860,895	656,890
Accounts payable and accrued expenses	$ 29,573,638	$ 6,241,066

Employee Benefit Plans

12 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans

16. Employee benefit plans

The Company has employee benefit plans in the form of certain statutory and other programs covering its employees.

Defined benefit plan (unfunded)

In accordance with Indian law, the Company provides a defined benefit retirement plan (the “Gratuity Plan”) covering substantially all of its Indian employees. The Gratuity Plan provides a lump-sum payment to vested employees upon retirement or termination of employment in an amount based on each employee’s salary and duration of employment with the Company. The Gratuity Plan benefit cost for the year is calculated on an actuarial basis. The Company contributes the required funding for all ascertained liabilities to the Gratuity Plan. There is no plan asset against the defined benefit plan.

The following table sets forth the amounts recognized in the Company’s financial statements based on actuarial valuations carried out as of March 31 2024 and 2023


Change in benefit obligation	As of March 31, 2024			As of March 31, 2023
Projected benefit obligation at the beginning of the year		297,309			163,744
Interest costs		21,664			11,610
Service costs		80,183			124,010
Actuarial (gain) loss		(120,120	)		16,627
Benefits paid		(10,358	)		—
Effect of exchange rate changes		(4,151	)		(18,682	)
Projected benefit obligation at the end of the year		264,527			297,309


Amounts recognized in the Consolidated Balance Sheets consist of
Current liabilities (recorded under accrued expenses and other current liabilities)	14,128	3,008
Non-current liabilities (recorded under other liabilities)	250,399	294,301
Unfunded amount recognized	—	—
	264,527	297,309


Net defined benefit plan costs include the following components for:
	As of March 31, 2024			As of March 31, 2023
Interest costs		21,664			11,610
Service costs		80,183			124,010
Actuarial (gain) loss		(120,120	)		16,627
Total		(18,273	)		152,247

The estimated net defined benefit plan cost over the next fiscal year is $ 14,192


The principal assumptions used in determining gratuity for the Company’s plans are shown below:
	As of March 31, 2024		As of March 31, 2023
Discount rate	7.39%		7.39%
Rate of increase in compensation per annum	10.00%		10.00%
Retirement age (in years)		60		60

The Company evaluates these assumptions based on projections of the Company’s long-term growth and prevalent industry standards.


The expected benefit plan payments set forth below reflect expected future service:
Year ending March 31	Amounts
2025		14,192
2026		42,589
2027		60,284
2028		67,591
2029		77,097
2030-2034		463,729
		725,482

The Company’s expected benefit plan payments are based on the same assumptions that were used to measure the Company’s benefit obligations as of March 31, 2024.

Defined contribution plans

The Company makes contributions to Employee provident fund and Employee state insurance, determined as a specified percentage of employee salaries, in respect of qualifying employees towards defined contribution schemes. During the years March 31, 2024 and March 31, 2023, the Company contributed $332,169 and $115,947 respectively to defined contribution plans in India and the United Kingdom.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

+ Details

Borrowings

12 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Borrowings

14. Borrowings

A. Long-term borrowings consist of the following:


	As of March 31, 2024			As of March 31, 2023
Loans from banks (note a)		112,169			307,228
Secured debentures (note b)		2,214,754			3,198,569
Convertible debenture (note c)		1,374,481			-
Less: current portion of long-term borrowings		(2,228,471	)		(2,852,528	)
		1,472,933			653,269

Loans from banks:


Particulars	Interest rate	Maturity date	Amount outstanding
Long-term borrowings from banks	8.75%	10-Aug-30		112,169
				112,169

The above loan is a vehicle loan and secured by way of hypothecation against vehicle for which loan is granted.

b. Secured debentures:


Particulars	Interest rate			Maturity date	Amount outstanding
N1 Series Debentures		19.50	%	31-May-24		578,137
N2 Series Debenture		19.50	%	31-Jul-24		327,412
N3 Series Debentures		19.25	%	31-May-24		409,643
N4 Series Debentures		20.00	%	31-Jan-24		899,562
						2,214,754

The debentures are secured by a subordinated lien on intellectual property, current assets and movable property and equipment of certain material foreign subsidiaries. The Company has not honored the repayment of debentures on the due date.

c. Convertible debenture

During the year ended March 31, 2024, the Company issued $1.10 million unsecured convertible debentures to different parties which has a maturity of December 15, 2025. The instruments carry an interest of 13% per annum.

Redemption/Conversion features of the instrument

On Maturity: If any amount of principal or interest under the notes remain outstanding on the maturity date, the Company shall repay the principal together with payment of accrued interest.

Optional Conversion: The unpaid principal amount of this Debenture (together with all accrued but unpaid interest thereon) shall be convertible, in whole or in part, at the option of the Holder at any time prior to the payment in full of the principal amount of this Debenture, into such number of shares of fully paid up Ordinary Shares as is determined by dividing the principal amount of the Debenture so converted (together with all accrued but unpaid interest thereon) by the Conversion Price i.e. $10 per share.

However the conversion price would undergo a change in case the volume weighted average price ("VWAP") of the Ordinary Shares is lesser than the conversion price.

Mandatory Conversion by Company: If at any time after the Original Issuance Date, of the closing price of the Common Stock of the company for any 20 Trading Days within a consecutive 30 Trading Day-period exceeding 130% of the then-applicable Conversion Price, then the Company shall thereafter have the right, at any time upon written notice to the Holder, to convert the unpaid principal amount of this Debenture (together with all accrued but unpaid interest thereon) into such number of shares of fully paid and non-assessable shares of Common Stock as is determined by dividing the principal amount of the Debenture (together with all accrued but unpaid interest thereon) by the Conversion Price (a “Company Conversion”).

Warrants Entitlement: Company shall issue the warrants to the debentureholder within 90 days of the closing of the securities purchase agreement. The warrants shall be equivalent to the 10% of the original principal balance of the notes.The exercise price of the Warrants shall be eight dollars and fifty cents ($8.50) per Warrant Share. The Warrants shall expire five (5) years after issuance.

A comparison of the assumptions used in calculating estimated fair value of warrants due as of March 31, 2024 is as follows:

d. As of March 31, 2024, the aggregate maturities of long-term borrowings are as follows:


Period ending March 31, 2025								2,228,471
Period ending March 31, 2026								1,389,426
Period ending March 31, 2027								16,306
Period ending March 31 2027 onwards								67,201
								3,701,404

B. Short-term borrowings


	As of March 31, 2024		As of March 31, 2023
Loans from banks (note a)		781,455		84,587
Loans from related parties		1,096,109		485,747
Loans from others (note b)		13,877,265		4,305,467
		15,754,829		4,875,801

Loans from banks and others


Particulars	Weighted average borrowing rate
Short-term borrowings from banks and others		14.00	%

Loan from banks includes a loan facility taken by Good Insurance Brokers Private Limited from The Hongkong and Shanghai Banking Corporation Limited for an amount of $0.5 million and same is secured by way of exclusive charge of hypothecation of entire current assets both present and future, exclusive charge over deposit under lien to the extent of 50% and Corporate Guarantee (CGT) from Roadzen (DE) alongwith relevant certified true copy of the Board Resolution and constitutional documents.

Loan from others

During the quarter ended June 30, 2023, Roadzen (DE) entered into a $7.5 million senior secured notes agreement with a syndicate of lenders which has a maturity date of June 28, 2024. The secured notes carry an interest of 15% per annum. The syndicate of lenders are entitled to receive a warrant to purchase an agreed number of Ordinary Shares in case the loan is not fully repaid by Roadzen (DE) within six months from the issue date.

As the accounting acquirer, Roadzen (DE) is deemed to have assumed promissory note amounting to $2.46 million at a discount of 10% which was obtained to finance transaction costs in connection with the Business Combination. The Promissory note is not convertible and interest of 20% per annum is due and payable upon earlier of the date on which the Company consummates its initial Business Combination or the date of the liquidation of the Company. The company has not honored repayment of the promissory note on the due date.

During the quarter ended December 31, 2023, Good Insurance Brokers Private Limited has taken a loan facility from Mufin Green Finance Limited for $0.94 million bearing interest repayable in the monthly installments upto November 2024 @ 17.5% and from Hindon Mercantile Limited $0.48 millions bearing interest @ 21% repayable in bullet payment of each tranche within 60 days from the date of disbursement.

During the quarter ended March 31, 2024, the company has issued $0.5 million notes at an interest rate of 17.5% per annum and mature on the sixth month anniversary of the the funding of the notes. The interest rate on the notes can be increased maximum upto 29% as per the applicable condition of repayment.

As the accounting acquirer, Roadzen (DE) is deemed to have assumed Convertible Promissory Note amounting to $1.03 million which was obtained to finance transaction costs in connection with a Business Combination. The Convertible Promissory Notes is a non-interest bearing instrument and payable upon the consummation of a Business Combination or may be convertible into warrants of the post-Business Combination entity at a price of $1.00 per warrant at the holder's discretion. The warrants would be identical to the private placement warrants described in note 19. The company has not honored repayment of the promissory note on the due date.

Fair Value of the Warrants:



Closing price	$	0.09
Open price	$	0.09
High	$	0.09
Low	$	0.09

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Borrowings - Schedule of Maturities of Long-term Borrowings Excluding Convertible Notes (Details)	Mar. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Period ending March 31, 2025	$ 2,228,471
Period ending March 31, 2026	1,389,426
Period ending March 31, 2027	16,306
Period ending Mar 31 2027 onwards	67,201
Long-term borrowings excluding convertible notes	$ 3,701,404

Summary of Significant Accounting Policies - Additional Information (Details)	12 Months Ended
	Mar. 31, 2024 Unit
Summary of Significant Accounting Policies [Line Items]
Roadside assistance services period	1 year
Number of reporting unit	1
Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Insurance support services period	1 year
Service plan administration period	1 year
Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Insurance support services period	7 years
Service plan administration period	7 years

Ordinary Shares (Tables)

12 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Ordinary Shares Reserved for Future Issuance

The following table summarizes the Company’s ordinary shares reserved for future issuance on an as-converted basis:


	As of March 31, 2024		As of March 31, 2023
Conversion of outstanding redeemable convertible instruments		137,448		25,743,890
Remaining shares available for future issuance under the Company's equity incentive plan		9,707,928		—
Warrants		21,045,965		—

Other Long-Term Assets - Schedule of Other Long-Term Assets (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Other Assets, Noncurrent [Abstract]
Deposits	$ 12,672	$ 25,890
Advances	34,685
Interest accrued	2,503	9,249
Deferred tax assets (refer note 28)	22,053	82,345
Total	$ 71,913	$ 117,484

Borrowings - Schedule of Short Term Borrowings (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Debt Disclosure [Abstract]
Loans from banks (note a)	$ 781,455	$ 84,587
Loans from related parties	1,096,109	485,747
Loans from others (note b)	13,877,265	4,305,467
Short term borrowings	$ 15,754,829	$ 4,875,801

Commitments and Contingencies - Components of Lease Cost (Details)	12 Months Ended
	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 203,029
Short-term lease cost	57,087
Total lease cost	$ 260,116

Commitments and Contingencies (Tables)

12 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Components of Lease Cost

(i) The following tables presents the various components of lease costs:

Schedule of Supplemental Cash Flow Information Related to Leases and Non Cash Flows Arising From Lease Transactions

(ii) The following table presents supplemental information relating to the cash flow and non cash flows arising from lease transactions. Cash payments related to short-term leases are not included in the measurement of operating liabilities, and, as such, are excluded from the amounts below.

        Particulars

        For the
period ended
March 31,
2024

        Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

210,042

        Right-of-use assets obtained in exchange for lease obligations:

Operating Assets

415,141

Schedule of Balance Sheet Information Related to Leases

(iii) Balance sheet information related to leases are as follows:

        Particulars

        As of
March 31,
2024

        Operating Leases:

Operating Lease ROU Asset, net

822,327

Short term liabilities

358,802

Long term liabilities

268,856

Total operating lease liabilities

627,658

Summary of Weighted Average Remaining Lease Terms and Discount Rates

(iv) Weighted Average Remaining Lease Term (In years)

         
        As of
March 31,
2024

Operating leases

5.93

(v) Weighted Average Discount Rate


	As of March 31, 2024
Operating leases		12.62	%

Schedule of Maturities of Lease Liabilities

(vi) Maturities of lease liabilities were as follows:


Particulars	Lease Liabilities (USD)*
For Period Ended March 31 2024
2025		368,092
2026		134,054
2027		135,628
2028		51,052
2029		20,750
Thereafter		69,482
Total Lease Payments		779,058
Less: Imputed Interest		(151,400	)
Total		627,658

*The lease liabilities are translated into U.S. Dollars using the closing rate for the period ended March 31, 2024

Prepayments and Other Current Assets - Schedule of Prepayments and Other Current Assets (Parenthetical) (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Prepaid Expense And Other Assets Current [Line Item]
Net of doubtful advances	$ 2,299,569	$ 225,495
Net of doubtful receivables	2,800,000
Advances to suppliers	244,087	822,278
Advances to employees	119,220	55,753
Advances to employees include related party	54,082	$ 28,516
Advances to affected entities	$ 2,042,459

Business Combinations (Tables)

12 Months Ended

Mar. 31, 2024

Business Acquisition [Line Items]

Schedule of Goodwill

Goodwill


	As of March 31, 2024			As of March 31, 2023
Opening balance		996,441			1,725,292
Goodwill relating to acquisitions consummated during the year (Refer Note 21 (a), (b) & (c))		1,475,685			—
Derecognition on deconsolidation of subsidiaries		(535,844	)		—
Impairment recognized on goodwill during the year		—			(664,903	)
Impairment reversed on goodwill during the year on account of deconsolidation of subsidiaries		131,803			—
Effect of exchange rate changes		(6,532	)		(63,948	)
Closing balance		2,061,553			996,441

Global Insurance Management Limited

Business Acquisition [Line Items]

Schedule of Major Classes of Assets and Liabilities Allocated to Purchase Price

The major classes of assets and liabilities to which we have allocated the purchase price were as follows:



Cash and cash equivalents	10,997,974
Acquired customer contract (Refer Note 9)	1,157,920
Other assets	7,157,343
Other liabilities	(15,947,363	)
Net assets	3,365,874
Purchase consideration	3,998,000
Goodwill (Refer Note 21(d))	632,126

Schedule of Purchase Price Allocated to Intangible Assets Acquired

Following are details of the purchase price allocated to the intangible assets acquired:


	Amount		Weighted average life
Acquired customer contracts		1,157,920	3 years

National Automobile Club

Business Acquisition [Line Items]

Schedule of Major Classes of Assets and Liabilities Allocated to Purchase Price

The major classes of assets and liabilities to which we have allocated the purchase price were as follows:



Cash and cash equivalents	182,713
Intangible assets	13,384
Acquired customer contract (Refer Note 9)	870,027
Other assets	1,947,606
Other liabilities	(1,215,247	)
Net assets	1,798,483
Purchase consideration	2,238,000
Goodwill (Refer Note 21(d))	439,517

Schedule of Purchase Price Allocated to Intangible Assets Acquired

Following are details of the purchase price allocated to the intangible assets acquired:


	Amount		Weighted average life
Acquired customer contracts		870,027	3 years

FA Premium Insurance Broking Private Limited

Business Acquisition [Line Items]

Schedule of Major Classes of Assets and Liabilities Allocated to Purchase Price

The major classes of assets and liabilities to which we have allocated the purchase price were as follows:



Cash and cash equivalents	72,430
Intangible assets	34,754
Acquired customer contract (Refer Note 9)	20,345
Acquired distribution network (Refer Note 9)	814,365
Other assets	670,182
Other liabilities	(736,298	)
Net assets	875,778
Purchase consideration	1,279,820
Goodwill (Refer Note 21(d))	404,042

Schedule of Purchase Price Allocated to Intangible Assets Acquired

Following are details of the purchase price allocated to the intangible assets acquired:


	Amount		Weighted average life
Acquired distribution network		814,365	3 years
Acquired customer contracts		20,345	3 years

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

+ Details

Income Taxes - Schedule of Net Deferred Tax Assets (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Deferred tax assets:
Net operating loss carry forwards	$ 25,515,511	$ 8,480,316	$ 5,742,033
Unabsorbed depreciation carry forwards	76,126	54,438	9,174
Retirement benefits	72,349	56,603	53,656
Depreciation and amortization	109,299	50,918	25,232
Others	244,136	5,965	288,348
Total deferred tax assets	26,017,421	8,648,240
Less: valuation allowance	(25,995,368)	(8,565,895)	(6,052,307)
Deferred tax assets, net of valuation allowance	22,053	82,345
Deferred tax liabilities:
Intangibles on account of business combination	(263,665)	0	(117,729)
Net deferred tax assets		$ 82,345
Net deferred tax liabilities	$ (241,612)		$ (47,626)

Ordinary Shares

12 Months Ended

Mar. 31, 2024

Equity [Abstract]

Ordinary Shares

18. Ordinary shares

As of March 31, 2024, the Company was authorized to issue 220,000,000 shares of ordinary shares, $0.0001 par value.

As a result of the business combination, all of Vahanna's Class A Common Stock and Class B Common Stock automatically converted into 10,044,309 shares of the Company's ordinary shares on a one-for-one basis and issued and outstanding shares of Roadzen (DE)'s common stock were converted into 58,396,520 Ordinary shares of company at the conversion ratio.

The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. In the event of liquidation, the holders of ordinary shares are eligible to receive an equal share in the distribution of the surplus assets of the Company based on their percent of ownership.

As of March 31, 2024 and March 31, 2023, 68,440,829 and 16,501,984 shares of the Company's ordinary shares were issued and were outstanding, respectively.

The following table summarizes the Company’s ordinary shares reserved for future issuance on an as-converted basis:


	As of March 31, 2024		As of March 31, 2023
Conversion of outstanding redeemable convertible instruments		137,448		25,743,890
Remaining shares available for future issuance under the Company's equity incentive plan		9,707,928		—
Warrants		21,045,965		—

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Income Taxes

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Income Taxes

28. Income Taxes

The Company's net loss before provision for income taxes for the year ended March 31, 2024 and March 31, 2023 were as follows:


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Domestic		(93,127,552	)		(8,917,510	)
Foreign		(6,755,174	)		(5,325,906	)
Total		(99,882,726	)		(14,243,416	)

The components of the provision for income taxes for the year ended March 31, 2024 and March 31, 2023 were as follows:


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Current:
Domestic		—			—
Foreign		19,177			86,420
		19,177			86,420
Deferred:
Domestic		—			—
Foreign		(42,825	)		(128,685	)
		(42,825	)		(128,685	)

Total provision for income taxes		(23,648	)		(42,265	)

The following is a reconciliation of the federal statutory income tax rate to the Company’s effective tax rate for the year ended March 31, 2024 and March 31, 2023:


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Federal statutory income tax rate		21.00	%		21.00	%
Non deductible expenses		(3.70	%)		(4.08	%)
Valuation allowance		(17.45	%)		(17.65	%)
Foreign rate differential		0.21	%		1.24	%
Share warrants		0.00	%		(0.05	%)
Other		(0.04	%)		(0.17	%)
Total provision for income taxes		0.02	%		0.30	%

The components of the Company’s net deferred tax assets as of the year ended March 31, 2024 and year ended March 31, 2023 were as follows:


Particulars	As of March 31, 2024			As of March 31, 2023
Deferred tax assets:
Net operating loss carry forwards		25,515,511			8,480,316
Unabsorbed depreciation carry forwards		76,126			54,438
Retirement benefits		72,349			56,603
Depreciation and amortization		109,299			50,918
Others		244,136			5,965
Total deferred tax assets		26,017,421			8,648,240
Less: valuation allowance		(25,995,368	)		(8,565,895	)
Deferred tax assets, net of valuation allowance		22,053			82,345
Deferred tax liabilities:
Intangibles on account of business combination		(263,665	)		—
Net deferred tax assets/ (liabilities)		(241,612	)		82,345

Movement recognized in net deferred tax assets:


	As of March 31, 2023			Recognized/ reversed through statements of operations			Impact of currency translation and acquisitions			As of March 31, 2024
Deferred tax assets:
Net operating loss carry forwards		8,480,316			17,035,195			—			25,515,511
Unabsorbed depreciation carry forwards		54,438			21,688			—			76,126
Retirement benefits		56,603			15,746			—			72,349
Depreciation and amortization		50,918			58,381			—			109,299
Fair value changes on convertible notes		—			—			—			—
Others		5,965			238,171			—			244,136
Less: valuation allowance		(8,565,895	)		(17,429,473	)		—			(25,995,368	)
Deferred tax liabilities:
Intangibles on account of business combination		—			(263,665	)		—			(263,665	)
Acquisitions		—			608,233			(608,233	)		—
Deconsolidation		—			(193,121	)		193,121			—
Currency translation		—			(48,330	)		48,330			—
Net deferred tax assets/ (liabilities)		82,345			42,825			(366,782	)		(241,612	)


Particulars	As of March 31, 2022			Recognized/ reversed through statements of operations			Impact of currency translation and acquisitions		As of March 31, 2023
Deferred tax assets:
Net operating loss carry forwards		5,742,033			2,738,283			—		8,480,316
Unabsorbed depreciation carry forwards		9,174			45,264			—		54,438
Retirement benefits		53,656			2,947			—		56,603
Depreciation and amortization		25,232			25,686			—		50,918
Fair value changes on convertible notes		3,967			(3,967	)		—		—
Others		288,348			(282,383	)		—		5,965
Less: valuation allowance		(6,052,307	)		(2,513,588	)		—		(8,565,895	)
Deferred tax liabilities:
Intangibles on account of business combination		(117,729	)		117,729			—		—
Currency translation		—			(1,286	)		1,286		—
		(47,626	)		128,685			1,286		82,345

The Company regularly reviews its deferred tax assets for recoverability based on historical taxable income, projected future taxable income, the expected timing of the reversals of existing taxable temporary differences and tax planning strategies. The Company's judgment regarding future profitability may change due to many factors, including future market conditions and the ability to successfully execute the business plans and/or tax planning strategies. Should there be a change in the ability to recover deferred tax assets, the Company's income tax provision would increase or decrease in the period in which the assessment is changed. The Company's valuation allowance increased by $17,429,473 during the Year ended March 31, 2024 and $2,515,200 during the year ended March 31, 2023.

The Company has not provided U.S. income taxes and foreign withholding taxes on undistributed earnings of foreign subsidiaries because the Company intends to permanently reinvest such earnings outside the U.S.

Net operating loss and credit carry forwards

As of March 31, 2024, the Company has U.S. federal net operating loss carry forwards of approximately $85,862,820 of which none are subject to limitation under Internal Revenue Code Section 382 (IRC Section 382). The federal net operating loss carry forwards that were generated prior to the 2018 tax year will begin to expire in 2030 if not utilized. For net operating loss carry forwards arising in tax years beginning after March 31, 2017, the tax act limits the Company's ability to utilize carry forwards to 80% of taxable income, however, these operating losses may be carried forward indefinitely. The state (Delaware) net operating loss carry forwards will begin to expire in 2032 if not utilized. The Company has foreign tax credits which will expire at the end of 8 years from the end of the assessment year in which these tax credits were originated.

Utilization of the net operating loss carry forwards may be subject to a substantial annual limitation due to the ownership change provisions of IRC Section 382 and similar state provisions. The annual limitation may result in the inability to fully offset future annual taxable income and could result in the expiration of net operating loss carry forwards before utilization. The Company continually reviews the impact to net operating losses of any ownership changes.

Unrecognized tax benefits

The Company has adopted authoritative guidance which prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of uncertain tax positions taken or expected to be taken in the Company’s income tax return, and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company did not have any unrecognized tax benefits with a significant impact on its financial statements as of March 31, 2024 and 2023.

The Company's major tax jurisdictions are India, the United Kingdom and the U.S. The U.S. federal, state and foreign jurisdictions have statutes of limitations that generally range from three to six years. Due to the Company's net losses, substantially all of its federal and state income tax returns are subject to examination for federal and state purposes.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Segment Reporting

12 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Reporting

29. Segment reporting

Operating segments are defined as components of an entity where discrete financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company’s CODM reviews financial information presented on a consolidated basis for the purposes of making operating decisions, allocating resources and evaluating financial performance. Accordingly, the Company has determined that it operates in a single reporting segment.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Income Taxes - Schedule of Reconciliation of Statutory Federal Income Tax Rate (Details)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Federal statutory income tax rate	21.00%	21.00%
Non deductible expenses	(3.70%)	(4.08%)
Valuation allowance	(17.45%)	(17.65%)
Foreign rate differential	0.21%	1.24%
Share warrants	0.00%	(0.05%)
Other	(0.04%)	(0.17%)
Total provision for income taxes	0.02%	0.30%

Prepayments and Other Current Assets (Tables)

12 Months Ended

Mar. 31, 2024

Prepaid Expense and Other Assets, Current [Abstract]

Schedule of Prepayments and Other Current Assets


	As of March 31, 2024		As of March 31, 2023
Balance with statutory authorities		1,462,119		1,189,787
Unbilled revenue		1,821,134		868,382
Advances given (net of doubtful advances of $2,299,569 as of March 31, 2024 and $225,495 as of March 31, 2023)		672,716		922,380
Other receivables (net of doubtful receivables of $2,800,000 as of March 31, 2024)		6,829		126,928
Prepayments		1,613,407		22,091
Forward purchase agreement		28,784,993		—
Deposits		65,137		52,368
		34,426,335		3,181,936

Advances given include:

$ 244,087 and $ 822,278 of advances to suppliers as of March 31, 2024 and March 31, 2023, respectively.

$119,220 and $55,753 of advances to employees as of March 31, 2024 and March 31, 2023, respectively. Advances to employees include related party balances of $54,082 and $28,516 as of March 31, 2024 and as of March 31, 2023.

c) $2,042,459 in advances were extended to Peoplebay Consultancy Services Private Limited, FA Events & Media Private Limited, and FA Premium Insurance Private Limited. However, due to a loss of control over these entities during the year, the Company is doubtful on the recovery of these advances and has consequently created a provision.

ii.

Other receivables includes a provision of $2,800,000 created against amount to be received from a subscriber on account of issuance of preferred stock of Roadzen (DE) during the financial year 2023-24 which was converted to Ordinary Shares upon Business Combination

iii.

Forward purchase agreement

On August 25, 2023, Vahanna entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller”) (the “Forward Purchase Agreement” or “FPA”) for OTC Equity Prepaid Forward Transactions. Vahanna is referred to as the “Counterparty” prior to the consummation of the Business Combination, while the Parent Company is referred to as the “Counterparty” after the consummation of the Business Combination.

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Forward Purchase Agreement

Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of March 31, 2024 is as follows:


Volatility		62.65	%
Risk-free rate		4.21	%
Dividend yield		0.00	%
Strike price		10.77
Remaining term (years)	1 year

Segment Reporting - Additional Information (Details)	12 Months Ended
Segment Reporting - Additional Information (Details)	Mar. 31, 2024 Segment
Segment Reporting [Abstract]
Number of reporting segment	1

Deconsolidation of Subsidiaries (Tables)

12 Months Ended

Mar. 31, 2024

Deconsolidation Of Subsidiaries [Abstract]

Schedule of Ownership Interest Held in Former Subsidiaries

Details of Ownership interest held in the former subsidiaries:


Name of the entity	Principal Activities	Principal place of business	Ownership interest held
			As at 31 March 2024	As at 31 March 2023
Peoplebay Consultancy Services Private Limited	Engaged in the business of marketing services which includes product launches, road shows for corporate clients	India	0%		100%
FA Events & Media Private Limited	Engaged in the business of marketing services which includes product launches, road shows for corporate clients.	India	0%		100%
FA Premium Insurance Private Limited*	Engaged in the services of broking services	India	0%		0%

* Acquired on July 1, 2023.

Deconsolidation of Subsidiaries - Schedule of Ownership Interest Held in Former Subsidiaries (Details) - India [Member]

Mar. 31, 2024

Mar. 31, 2023

Peoplebay Consultancy Services Private Limited [Member]

Deconsolidation of Subsidiaries [Line Items]

Ownership percentages in subsidiaries

0.00%

100.00%

FA Events And Media Private Limited [Member]

Deconsolidation of Subsidiaries [Line Items]

Ownership percentages in subsidiaries

0.00%

100.00%

FA Premium Insurance Private Limited [Member]

Deconsolidation of Subsidiaries [Line Items]

Ownership percentages in subsidiaries

^[1]

0.00%

[1]	Acquired on July 1, 2023.

Sum Due to Insurer - Additional Information (Details)	Mar. 31, 2024 USD ($)
Sum Due To Insurer [Abstract]
Sum due to insurer	$ 8,918,849

Accounts Receivables, Net

12 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Accounts Receivables, Net

5. Accounts receivables, net


	As of March 31, 2024			As of March 31, 2023
Accounts receivable		3,997,591			1,549,711
Less: allowance for credit losses		(345,211	)		(13,726	)
Accounts receivable, net		3,652,380			1,535,985

The following table provides details of the Company's allowance for credit accounts:


Balance, beginning of period	13,726		14,884
Additions charged	301,309		—
Existing allowance in acquired entities	43,902		—
Effect of exchange rate changes	(13,726	)	(1,158	)
Balance, end of period	345,211		13,726

Derivative Warrant Liabilities (Tables)

12 Months Ended

Mar. 31, 2024

Derivative Instruments, Gain (Loss) [Line Items]

Summary Of Obliged To Issue Warrants Shares


Milestone (days past due)	Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date
180 days		1.00	%
210 days		1.17	%
240 days		1.33	%
270 days		1.50	%
300 days		1.67	%
330 days		1.83	%
360 days		2.50	%

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of March 31, 2024 is as follows:


Volatility		62.65	%
Risk-free rate		4.21	%
Dividend yield		0.00	%
Strike price		10.77
Remaining term (years)	1 year

Warrants

Derivative Instruments, Gain (Loss) [Line Items]

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

A comparison of the assumptions used in calculating estimated fair value of warrants due as of March 31, 2024 is as follows:



Closing price	$	6.50
Risk Free rate		4.21	%
Dividend Yield		0	%
Volatility		126.55	%
Expected Life of the option	4.75 years

Consolidated Statement of Mezzanine Equity and Shareholders' Deficit (Parenthetical)	12 Months Ended
	Mar. 31, 2024
Issue of shares through right issue and conversion of loan, conversion ratio of common stock against preferred stock	1
Issue of shares through right issue and conversion of loan, conversion ratio for each ordinary share	27.21

Other Long Term Assets (Tables)

12 Months Ended

Mar. 31, 2024

Other Assets, Noncurrent [Abstract]

Schedule of Other Long Term Assets


	As of March 31, 2024		As of March 31, 2023
Deposits		12,672		25,890
Advances		34,685		-
Interest accrued		2,503		9,249
Deferred tax assets (refer note 28)		22,053		82,345
		71,913		117,484

Other Long Term Liabilities - Summary of Other Long Term Liabilities (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Retirement benefits	$ 250,399	$ 294,301
Deferred tax liability	263,665
Deferred revenue	727,853
Total	$ 1,241,917	$ 294,301

Ordinary Shares - Additional Information (Details) - $ / shares	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Class of Stock [Line Items]
Ordinary shares, authorized	220,000,000	108,840,000
Ordinary shares, par value	$ 0.0001	$ 0.0001
Conversion of Shares	58,396,520
Ordinary shares, conversion basis	one-for-one basis
Ordinary shares, voting rights	one vote
Ordinary shares, issued	68,440,829	16,501,984
Ordinary shares, outstanding	68,440,829	16,501,984
Common Class A [Member]
Class of Stock [Line Items]
Ordinary shares, outstanding	25,012,500
Common Class A and Common Class B [Member]
Class of Stock [Line Items]
Conversion of Shares	10,044,309

Income Taxes - Schedule of Movement in Net Deferred Tax Assets (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Deferred tax assets:
Net operating loss carry forwards, Beginning	$ 8,480,316	$ 5,742,033
Unabsorbed depreciation carry forwards, Beginning	54,438	9,174
Retirement benefits, Beginning	56,603	53,656
Depreciation and amortization, Beginning	50,918	25,232
Fair value changes on convertible notes, Beginning		3,967
Others, Beginning	5,965	288,348
Less: valuation allowance, Beginning	(8,565,895)	(6,052,307)
Net operating loss carry forwards recognized or reversed through statements of operations	17,035,195	2,738,283
Unabsorbed depreciation carry forwards recognized or reversed through statements of operations	21,688	45,264
Retirement benefits recognized or reversed through statements of operations	15,746	2,947
Depreciation and amortization recognized or reversed through statements of operations	58,381	25,686
Fair value changes on convertible notes recognized or reversed through statements of operations		(3,967)
Others recognised or reversed through statements of operations	238,171	(282,383)
Less: valuation allowance recognized or reversed through statements of operations	(17,429,473)	(2,513,588)
Net operating loss carry forwards, Ending	25,515,511	8,480,316
Unabsorbed depreciation carry forwards, Ending	76,126	54,438
Retirement benefits, Ending	72,349	56,603
Depreciation and amortization, Ending	109,299	50,918
Others, Ending	244,136	5,965
Less: valuation allowance, Ending	(25,995,368)	(8,565,895)
Deferred tax liabilities:
Intangibles on account of business combination, Beginning	0	(117,729)
Intangibles on account of business combination recognized or reversed through statements of operations	(263,665)	117,729
Currency translation recognized or reversed through statements of operations	(48,330)	(1,286)
Intangibles on account of business combination, Ending	(263,665)	0
Acquisitions recognized or reversed through statements of operations	608,233
Deconsolidation recognized or reversed through statements of operations	(193,121)
Currency translation of currency translation and Acquisitions	(48,330)	1,286
Acquisitions impact of currency translation and acquisitions	(608,233)
Deconsolidation impact of currency translation and acquisitions	193,121
Net deferred tax assets, Beginning	82,345
Net deferred tax liabilities, Beginning		(47,626)
Deferred Tax Assets, Net Recognized Or Reversed Through Statements of Operations, Total	42,825	128,685
Net deferred tax assets/ (liabilities) impact of Currency Translation And Acquisitions	(366,782)	1,286
Net deferred tax assets		$ 82,345
Net deferred tax liabilities	$ (241,612)

Recapitalization - Summary of Number of Ordinary Shares Issued Immediately Following the Consummation of the Business Combination (Details) - shares	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Common stock, outstanding prior to the Business Combination	68,440,829	16,501,984
Ordinary shares immediately after the Business Combination	68,440,829
Roadzen (DE) Common stock [Member]
Restructuring Cost and Reserve [Line Items]
Ordinary shares immediately after the Business Combination	58,396,520
FPA [Member]
Restructuring Cost and Reserve [Line Items]
Ordinary shares immediately after the Business Combination	702,255
Unvested Restricted Stock Units [Member]
Restructuring Cost and Reserve [Line Items]
Ordinary shares immediately after the Business Combination	9,903,500
Common Class A [Member]
Restructuring Cost and Reserve [Line Items]
Common stock, outstanding prior to the Business Combination	25,012,500
Less: redemption of Vahanna Class A common stock	(15,670,446)
Class A common stock of Vahanna	9,342,054

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Borrowings - Additional Information (Details) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) Days $ / shares
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500			$ 500
Interest rate	17.50%			17.50%
Conversion price \| $ / shares	$ 10			$ 10
Increase in interest rate	29.00%
Consecutive Trading Days \| Days				30
Trading Days \| Days				20
Conversion Price percentage				130.00%
Warrants Entitlement
Debt Instrument [Line Items]
Warrants exercisable price \| $ / shares	$ 8.5			$ 8.5
Warrants and rights outstanding term	5 years			5 years
Percentage of original principal balance warrants				10.00%
The Hongkong and Shanghai Banking Corporation Limited [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 500			$ 500
Percentage of exclusive charge over deposit under lien	50.00%			50.00%
Senior Secured Notes Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 7,500
Debt Instrument, Maturity Date		Jun. 28, 2024
Interest rate		15.00%
Long-Term Debt, Gross			$ 2,460
Debt Instrument, Basis Spread on Variable Rate			20.00%
Percentage of discount of Obtained to finance transaction costs			10.00%
Business combination, price of per ordinary share \| $ / shares	$ 1			$ 1
Convertible Promissory Note [Member]
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 1,030			$ 1,030
Convertible Debentures [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,100			$ 1,100
Debt Instrument, Maturity Date				Dec. 15, 2025
Interest rate	13.00%			13.00%
Mufin Green Finance Limited [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 940
Interest rate			17.50%
Hindon Mercantile Limited [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 480
Interest rate			21.00%

Warrants

12 Months Ended

Mar. 31, 2024

Warrant Liability [Abstract]

Warrants

19. Warrants

Vahanna's 10,004,994 Public Warrants and 9,152,087 Private Placement Warrants remained outstanding and became warrants to purchase Ordinary Shares in the Company upon the close of the Business Combination.

As of March 31, 2024, there were 10,004,994 Public Warrants outstanding. No fractional shares will be issued upon exercise of the Public Warrants. Each whole warrant entitles the registered holder to purchase one Ordinary Share at a price of $11.50 per share. The Public Warrants became exercisable as of October 20, 2023. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.

The Company may redeem the outstanding warrants:

•

at a price of $0.01 per warrant;

•

upon not less than 30 days’ prior written notice of redemption given after the warrants become exercisable (the “30-day redemption period”) to each warrant holder; and

•

if, and only if, the reported last sale price of the Ordinary Shares equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the warrants become exercisable and ending three business days before the Company sends the notice of redemption to the warrant holders.

If the Company calls the Public Warrants for redemption, as described above, its management will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of Ordinary Shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of Ordinary Shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants.

As of March 31, 2024, there were 9,152,087 Private Placement Warrants outstanding. The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Ordinary Shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or saleable until 30 days after the completion of a Business Combination, subject to certain limited exceptions.

Property and Equipment, Net (Tables)

12 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property Plant and Equipment, Net

The components of property and equipment, net were as follows:


	As of March 31, 2024			As of March 31, 2023
Computers		660,504			370,516
Office equipment		422,046			153,432
Furniture & fixtures		162,851			69,338
Electrical equipment		30,972			6,312
Leasehold improvements		31,736			21,381
Total		1,308,109			620,979
Less: accumulated depreciation		(853,520	)		(388,486	)
Property and equipment, net		454,589			232,493

Borrowings - Schedule of Long Term Borrowings (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Debt Disclosure [Abstract]
Loans from banks (note a)	$ 112,169	$ 307,228
Secured debentures (note b)	2,214,754	3,198,569
Convertible debenture (note c)	1,374,481
Less: current portion of long-term borrowings	(2,228,471)	(2,852,528)
Long term borrowings	$ 1,472,933	$ 653,269

Commitments and Contingencies

12 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

26. Commitments and contingencies

A. Commitments

Dividend on Preferred stock

As of March 31, 2024, no shares of convertible preferred stock were outstanding. In view of losses, cumulative dividend of $477,101 in respect of Preferred stock of Roadzen (DE) (Series A and A1 stock) was not provided as of March 31, 2023 respectively.

B. Leases - Accounted as per ASC 842 for the Period Ended March 31, 2024

Operating leases

The Company leases office space under non-cancellable operating lease agreements, which expire on various dates through April 2031. Some property leases contain extension options exercisable by the Company. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. Rent expense for operating leases for the period ended March 31, 2024 was $260,116. The components of lease cost for the period ended March 31, 2024 is summarized below:

(i) The following tables presents the various components of lease costs:

        Particulars

        For the
period ended
March 31,
2024

        Cash paid for amounts included in the measurement of lease liabilities:

Operating cash flows from operating leases

210,042

        Right-of-use assets obtained in exchange for lease obligations:

Operating Assets

415,141

(iii) Balance sheet information related to leases are as follows:

        Particulars

        As of
March 31,
2024

        Operating Leases:

Operating Lease ROU Asset, net

822,327

Short term liabilities

358,802

Long term liabilities

268,856

Total operating lease liabilities

627,658

(iv) Weighted Average Remaining Lease Term (In years)

         
        As of
March 31,
2024

Operating leases

5.93

(v) Weighted Average Discount Rate


	As of March 31, 2024
Operating leases		12.62	%

(vi) Maturities of lease liabilities were as follows:


Particulars	Lease Liabilities (USD)*
For Period Ended March 31 2024
2025		368,092
2026		134,054
2027		135,628
2028		51,052
2029		20,750
Thereafter		69,482
Total Lease Payments		779,058
Less: Imputed Interest		(151,400	)
Total		627,658

*The lease liabilities are translated into U.S. Dollars using the closing rate for the period ended March 31, 2024

C. Litigation and loss contingencies

From time to time, the Company may be subject to other legal proceedings, claims, investigations, and government inquiries (collectively, "Legal Proceedings") in the ordinary course of business. It may receive claims from third parties asserting, among other things, infringement of their intellectual property rights, defamation, labor and employment rights, privacy, and contractual rights. There are no currently pending Legal Proceedings that the Company believes will have a material adverse impact on the business or consolidated financial statements.

D. Indemnifications

In the ordinary course of business, the Company enters into contractual arrangements under which the Company agrees to provide indemnification of varying scope and terms to customers, business partners, and other parties with respect to certain matters, including losses arising out of intellectual property infringement claims made by third parties, if the Company has violated applicable laws, if the Company is negligent or commits acts of wilful misconduct, and other liabilities with respect to its products and services and its business. In these circumstances, payment is typically conditional on the other party making a claim pursuant to the procedures specified in the particular contract. To date, the Company has not incurred any material costs as a result of such indemnifications and has not accrued any liabilities related to such obligations in its consolidated financial statements.

Recapitalization - Additional Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Sep. 20, 2023
Restructuring Cost and Reserve [Line Items]
Gross proceeds	$ 26,824
Class A Ordinary Shares [Member]
Restructuring Cost and Reserve [Line Items]
Shares redemption	15,670,446
Common stock aggregate payment	$ 168,466,546
Public Warrants [Member]
Restructuring Cost and Reserve [Line Items]
Number of warrants outstanding	10,004,994	10,004,994
Private Placement Warrants [Member]
Restructuring Cost and Reserve [Line Items]
Number of warrants outstanding	9,152,087	9,152,087

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Financial instruments - Schedule of Financial Instruments Measured at Fair Value on Recurring Basis (Details)	Mar. 31, 2024 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	$ 5,585,955
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	6,960,436
Financial assets	28,784,993
Recurring [Member] \| Derivative warrant liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	5,585,955
Recurring [Member] \| Convertible Debentures [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	1,374,481
Recurring [Member] \| Forward Purchase Agreement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	28,784,993
Recurring [Member] \| Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	5,585,955
Recurring [Member] \| Level 1 [Member] \| Derivative warrant liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	5,585,955
Recurring [Member] \| Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	1,374,481
Financial assets	28,784,993
Recurring [Member] \| Level 3 [Member] \| Convertible Debentures [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	1,374,481
Recurring [Member] \| Level 3 [Member] \| Forward Purchase Agreement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 28,784,993

Commitments and Contingencies - Schedule of Balance Sheet Information Related to Leases (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Other Commitments [Line Items]
Operating Lease ROU Asset, net	$ 822,327	$ 545,988
Operating Lease, Liability	627,658
Short Term Liabilities [Member]
Other Commitments [Line Items]
Operating Lease, Liability	358,802
Long Term Liabilities [Member]
Other Commitments [Line Items]
Operating Lease, Liability	$ 268,856

Accounts Payable and Accrued Expenses - Schedule of Accounts Payable and Accrued Expenses (Parenthetical) (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Accounts Payable And Accrued Expenses [Line Items]
Interest due	$ 570,000
Accounts payable	22,795,847	$ 2,008,731
Business combination transaction cost payable	17,422,094
Amounts due to employees	860,895	656,890
Related Party [Member]
Accounts Payable And Accrued Expenses [Line Items]
Accounts payable	5,979	0
Amounts due to employees	$ 95,971	$ 45,162

Employee Benefit Plans - Summary of Principal Assumptions Used in Determining Gratuity (Details)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retirement Benefits [Abstract]
Discount rate	7.39%	7.39%
Rate of increase in compensation per annum	10.00%	10.00%
Retirement age (in years)	60 years	60 years

Revenue

12 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

20. Revenue

The following table summarizes revenue by the Company's service offerings:


	For the year ended March 31, 2024		For the year ended March 31, 2023
Revenue from services
Commission and Distribution Income		30,500,018		9,173,671
Income from Insurance as a Service		16,224,268		4,386,827
		46,724,287		13,560,498

There were two customer that individually represented 29% and 21% of the Company’s revenue for the year ended March 31, 2024 and two customers that individually represented 28% and 18% of the Company’s accounts receivable balance as of March 31, 2024.

There were two customer that individually represented 24% and 15% of the Company’s revenue for the year ended March 31, 2023 and two customers that individually represented 25% and 14 % of the Company’s accounts receivable balance as of March 31, 2023.

Contract Balances

The following table provides information about receivables and contract liabilities from contracts with customers:


	As of March 31, 2024		As of March 31, 2023
Contract liabilities
Deferred revenue		656,968		108,442
Advance from Customers				-
Total contract liabilities		656,968		108,442
Contract assets
Unbilled revenue		1,821,134		868,382
Total contract assets		1,821,134		868,382

The Company records deferred revenue when cash payments are received or due in advance of Company's performance. Deferred revenue primarily relate to commission and distribution income and insurance as a service. The amount of revenue recognized for the period ended March 31, 2024 that was included in the deferred revenue balance as of March 31, 2023 was $108,442. The amount of revenue recognized in the year ended March 31, 2023 that was included in the deferred revenue balance as of March 31, 2022 was $292,031. The Company's remaining performance obligations in contracts with customers will be completed within 12 months from the reporting date.

Contract assets represent a conditional right to consideration for satisfied performance obligations that become a receivable when the conditions are satisfied. Contract assets are generated when contractual billing schedules differ from the timing of revenue recognition or cash collection and are included in "prepayments and other current assets" in the consolidated balance sheets which will be billed in the month subsequent to the period in which performance obligations were satisfied.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org//606/tableOfContent

+ Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash and Cash Equivalents

The reconciliation of cash and cash equivalents and restricted cash and cash equivalents to the consolidated balance sheets amounts are as follows:


	As of March 31, 2024		As of March 31, 2023
Cash and cash equivalents		11,186,095		589,340
Restricted cash and cash equivalents—current		-		-
Restricted cash and cash equivalents—non-current		378,993		542,490

Schedule of Depreciation Over Assets Estimated Useful Lives

Depreciation is calculated using declining balance method over the assets’ estimated useful lives as follows:


Assets	Useful lives (years)
Office and electrical equipment	3-5 years
Computers	3 years
Furniture and fixtures	10 years

Revenue - Additional Information (Details) - USD ($)			12 Months Ended
Revenue - Additional Information (Details) - USD ($)	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue recognized	$ 108,442	$ 292,031
Customer One [Member] \| Customer Concentration [Member] \| Revenue [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Company revenue percentage			29.00%	24.00%
Customer One [Member] \| Customer Concentration [Member] \| Accounts Receivable [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Company revenue percentage			28.00%	25.00%
Customer Two [Member] \| Customer Concentration [Member] \| Revenue [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Company revenue percentage			21.00%	15.00%
Customer Two [Member] \| Customer Concentration [Member] \| Accounts Receivable [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Company revenue percentage			18.00%	14.00%

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References + Details

Summary of Significant Accounting Policies - Schedule of Reconciliation of Cash and Cash Equivalents and Restricted Cash and Cash Equivalents (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 11,186,095	$ 589,340
Restricted cash and cash equivalents-current	0	0
Restricted cash and cash equivalents-non-current	$ 378,993	$ 542,490

Other Long Term Assets

12 Months Ended

Mar. 31, 2024

Other Assets, Noncurrent [Abstract]

Other Long Term Assets

10. Other long-term assets


	As of March 31, 2024		As of March 31, 2023
Deposits		12,672		25,890
Advances		34,685		-
Interest accrued		2,503		9,249
Deferred tax assets (refer note 28)		22,053		82,345
		71,913		117,484

Stock Based Compensation - Schedule of Option Value and Assumption (Details) - Restricted Stock Units (RSUs) - 2023 Omnibus Incentive Plan	12 Months Ended
	Mar. 31, 2024 $ / shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value per share (as of grant date)	$ 10.83
Exercise price	$ 0
Volatility	30.82%
Expected dividends	0.00%
Expected term (in years)	1 year 6 months
Risk free rate	5.24%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

+ Details

Derivative Warrant Liabilities - Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due (Details)	Dec. 31, 2023
Closing price
Derivative [Line Items]
Warrants and Rights Outstanding, Measurement Input	6.5
Risk-free rate
Derivative [Line Items]
Warrants and Rights Outstanding, Measurement Input	4.21
Dividend yield
Derivative [Line Items]
Warrants and Rights Outstanding, Measurement Input	0
Volatility
Derivative [Line Items]
Warrants and Rights Outstanding, Measurement Input	126.55
Expected Life of the option
Derivative [Line Items]
Warrants and Rights Outstanding, Term	4 years 9 months

Commitments and Contingencies - Schedule of Maturities of Lease Liabilities (Details)	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 368,092
2026	134,054
2027	135,628
2028	51,052
2029	20,750
Thereafter	69,482
Total Lease Payments	779,058
Less: Imputed Interest	(151,400)
Total	$ 627,658

Borrowings (Tables)

12 Months Ended

Mar. 31, 2024

Debt Instrument [Line Items]

Schedule of Long Term Borrowings

A. Long-term borrowings consist of the following:


	As of March 31, 2024			As of March 31, 2023
Loans from banks (note a)		112,169			307,228
Secured debentures (note b)		2,214,754			3,198,569
Convertible debenture (note c)		1,374,481			-
Less: current portion of long-term borrowings		(2,228,471	)		(2,852,528	)
		1,472,933			653,269

Schedule of Loans from Banks

Loans from banks:


Particulars	Interest rate	Maturity date	Amount outstanding
Long-term borrowings from banks	8.75%	10-Aug-30		112,169
				112,169

Schedule of Secured Debentures

b. Secured debentures:


Particulars	Interest rate			Maturity date	Amount outstanding
N1 Series Debentures		19.50	%	31-May-24		578,137
N2 Series Debenture		19.50	%	31-Jul-24		327,412
N3 Series Debentures		19.25	%	31-May-24		409,643
N4 Series Debentures		20.00	%	31-Jan-24		899,562
						2,214,754

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of March 31, 2024 is as follows:


Volatility		62.65	%
Risk-free rate		4.21	%
Dividend yield		0.00	%
Strike price		10.77
Remaining term (years)	1 year

Schedule of Maturities of Long-term Borrowings Excluding Convertible Notes

d. As of March 31, 2024, the aggregate maturities of long-term borrowings are as follows:


Period ending March 31, 2025								2,228,471
Period ending March 31, 2026								1,389,426
Period ending March 31, 2027								16,306
Period ending March 31 2027 onwards								67,201
								3,701,404

Schedule of Short Term Borrowings

B. Short-term borrowings


	As of March 31, 2024		As of March 31, 2023
Loans from banks (note a)		781,455		84,587
Loans from related parties		1,096,109		485,747
Loans from others (note b)		13,877,265		4,305,467
		15,754,829		4,875,801

Summary of Loans from Banks and Others

Loans from banks and others


Particulars	Weighted average borrowing rate
Short-term borrowings from banks and others		14.00	%

Summary of Estimated Fair Value of Working Capital Loan

Fair Value of the Warrants:



Closing price	$	0.09
Open price	$	0.09
High	$	0.09
Low	$	0.09

Warrants Entitlement

Debt Instrument [Line Items]

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

A comparison of the assumptions used in calculating estimated fair value of warrants due as of March 31, 2024 is as follows:

Investments

12 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Investments

25. Investments

These balances include certain investments in mutual funds that are recorded at fair value. Any changes to the fair value are recorded in "Fair value gains/(losses) in financial instruments carried at fair value" due to the election of the fair value option of accounting for financial instruments.

Intangible Assets, Net - Schedule of Finite-Lived Intangible Assets (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	$ 11,475,895	$ 8,282,905
Less: accumulated depreciation and amortization	(8,442,649)	(5,569,048)
Less: Impairment loss	(43,642)	(244,699)
Intangible assets, net	2,989,604	2,469,158
Software for internal use
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	8,583,145	7,292,101
Customer contracts
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	2,299,835	682,399
Intangible assets under development
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	439,374	196,174
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	153,487	112,176
Trademark
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	$ 54	$ 55

Borrowings - Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due (Details)	Mar. 31, 2024	Dec. 31, 2023
Risk free rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		4.21
Risk free rate \| Warrants Entitlement \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	4.47
Risk free rate \| Warrants Entitlement \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	4.13
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input		126.55
Volatility \| Warrants Entitlement \| Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	126.55
Volatility \| Warrants Entitlement \| Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	108.18
Annual Interest rate \| Warrants Entitlement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	13
Conversion Price \| Warrants Entitlement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	10

Condensed Consolidated Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 46,724,287	$ 13,560,498
Costs and expenses:
Cost of services	18,132,757	5,413,686
Research and development	4,973,816	2,670,333
Sales and marketing	33,195,608	10,736,173
General and administrative	65,895,085	4,648,242
Depreciation and amortization	2,185,858	1,624,208
Total costs and expenses	124,383,124	25,092,642
Loss from operations	(77,658,837)	(11,532,144)
Interest income/(expense)	(2,291,123)	(776,023)
Fair value gains/(losses) in financial instruments carried at fair value	(19,475,005)	(1,009,374)
Gain on deconsolidation of subsidiaries	2,098,745
Impairment of goodwill and intangibles with definite life		(919,517)
Impairment of investment	(3,395,234)
Other income/(expense) net	838,728	(6,358)
Total other income/(expense)	(22,223,889)	(2,711,272)
(Loss)/Income before income tax expense	(99,882,726)	(14,243,416)
Less: income tax (benefit)/expense	(23,648)	(42,265)
Net (loss)/income before non-controlling interest	(99,859,078)	(14,201,151)
Net loss attributable to non-controlling interest, net of tax	(189,743)	(176,883)
Net (loss)/income attributable to Roadzen Inc.	(99,669,335)	(14,024,268)
Net (loss)/income attributable to Roadzen Inc. ordinary shareholders
Net (loss)/income attributable to Roadzen Inc. ordinary shareholders	$ (99,669,335)	$ (14,024,268)
Basic net income (loss) per share	$ (2.26)	$ (0.86)
Diluted net income (loss) per share	$ (2.26)	$ (0.86)
Weighted-average number of shares outstanding used to compute net loss per share attributable to Roadzen Inc. ordinary shareholders
Weighted average shares outstanding, Basic	44,032,410	16,501,984
Weighted average shares outstanding, Diluted	44,032,410	16,501,984

Accounts Receivables, Net - Summary of Accounts Receivables (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Receivables [Abstract]
Accounts receivable	$ 3,997,591	$ 1,549,711
Less: allowance for credit losses	(345,211)	(13,726)	$ (14,884)
Accounts receivable, net	$ 3,652,380	$ 1,535,985

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Borrowings - Summary of Loans from Banks and Others (Details)	Mar. 31, 2024
Debt Disclosure [Abstract]
Short term borrowings from banks and others, weighted average borrowing rate	14.00%

Intangible Assets, Net

12 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

9. Intangible assets, net


	As of March 31, 2024			As of March 31, 2023
Software for internal use		8,583,145			7,292,101
Customer contracts - (refer note 21)		2,299,835			682,399
Intangible assets under development		439,374			196,174
Intellectual property		153,487			112,176
Trademark		54			55
Total		11,475,895			8,282,905
Less: accumulated depreciation and amortization		(8,442,649	)		(5,569,048	)
Less: impairment loss		(43,642	)		(244,699	)
Intangible assets, net		2,989,604			2,469,158

During the year ended March 31, 2024, the Company acquired intangible assets worth $4,955,565 related to FA Premium Insurance Broking Pvt. Ltd., Global Insurance Management Limited and National Automobile Club. The Company ceases to hold board control over Peoplebay Consultancy Services Private Limited and FA Events & Media Private Limited with effect from October 1, 2023 and FA Premium Insurance Private Limited with effect from January 1, 2024, as a result intangible assets worth $2,017,117 have been derecognized and impairment on customer contract of $335,185 has been reversed.

Further during the year ended March 31, 2024, the Company performed qualitative assessment for intangible assets and indicated that it was more likely than not that the carrying value of the acquired entities exceeded its fair value, therefore, it did not result in an impairment.

During the year ended March 31,2023, the Company has decided to shift its focus more on insurance distribution services rather than engaging into insurance support services. Due to the change in the business strategy, it was more likely than not that the carrying value of the distribution entities exceeded its fair value. As a result, the Company performed an impairment assessment by comparing the fair value of the affected entities (FA Events and Media Private Limited, Peoplebay Consultancy Services Private Limited, Kintsugi Innovation Labs Private Limited) to its carrying value. Fair value was determined by using DCF(discounted cashflow method) which is a level 3 measurement. The carrying value of the affected entities exceeded its fair value and as a result, an impairment charge of $ 254,614 (including CTA impact of $ 9,915) was recorded in consolidated statements of operations under the head "Impairment of goodwill and intangibles with definite life" for the year ended March 31, 2023.

The estimated amortization schedule for the Company’s intangible assets for future periods is set out below:


For Period Ended March 31:	Amount
2025		1,606,872
2026		748,473
2027 and thereafter		194,885

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

a) Basis of presentation and consolidation

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”). The accompanying consolidated financial statements reflect all adjustments that management considers necessary for a fair presentation of the results of operations for these periods presented.

The accompanying consolidated financial statements have been prepared on a consolidated basis and reflect the financial statements of the Parent Company and its subsidiaries. All intercompany balances and transactions have been eliminated. When the Company does not have a controlling interest in an investee but exerts significant influence over the investee, the Company applies the equity method of accounting.

Liquidity and Going Concern

b) Liquidity and going concern

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern.

The Company has experienced operating losses in current and preceding years. As of March 31, 2024 and 2023, the Company has negative operating cash flows. These events among others, raised substantial doubt over the Company’s ability to continue as a going concern for a reasonable period of time. The Company expects to have ongoing requirements for capital investment or debt to implement its business plans to achieve revenue growth forecast, control operating costs, and meet cash flow requirements. The Company’s ability to continue as a going concern is dependent upon, among other things, the mitigation plan to (i) raise additional funds from existing or new credit facilities (ii) receive funds through Forward Purchase Agreement (FPA) (Refer Note 6(iii) for further information).

Post balance sheet date, the Company has undertaken multiple initiatives i.e. (i) restructure the current liabilities into equity or long-term liabilities, and (ii) execute term sheets for infusion of additional equity and debt totaling more than $50 million.These arrangements are contingent upon the completion and execution of definitive loan agreements and other documentation along with completion of legal and financial due diligence. The Company is hopeful of accomplishing its objectives through these measures in the anticipated time frame and also expects that the funds available through the above-mentioned arrangements will be sufficient to alleviate the doubts about the Company's ability to continue as a going concern.

The consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary if the Company is unable to continue as a going concern.

Use of Estimates

c) Use of estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions, which affect the reported amounts in the financial statements and accompanying notes. Estimates are based on historical experience, where applicable, and other assumptions which management believes are reasonable under the circumstances. On an ongoing basis, the Company evaluates its estimates and underlying assumptions, including those related to the allowance for accounts receivables, fair values of financial instruments, measurement of defined benefit obligations, impairment of non-financial assets, useful lives of property plant and equipment and intangible assets, income taxes, certain deferred tax assets and tax liabilities, and other

contingent liabilities. Although these estimates are inherently subject to judgment and actual results could differ from those estimates, management believes that the estimates used in the preparation of the consolidated financial statements are reasonable.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.

Revenue

d) Revenue

Revenues consist primarily of revenue from:

- Insurance policy distribution in the form of commissions, brokerage, underwriting and other fees; and

- Insurance support services comprised of pre-inspection and risk assessment, roadside assistance, extended warranty, and claim processing using the Company’s IaaS platform.

The Company recognizes revenue at the time of transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. Revenues cannot be recognized until the performance obligation(s) are satisfied and control is transferred to the customer.

Income from distribution of Insurance policies

Insurance policy distribution and brokerage income:

The Company enters into a contract with insurance companies for the purpose of distributing insurance products to the end consumers. The Company’s performance obligation under the contract is to sell insurance policies to earn commission, brokerage and other fees. Revenue from distribution services is recognized at a point in time when the related services are rendered as per the terms of the agreement with customer. Revenue is disclosed net of the Goods and Service tax charged on such services.

Distribution fee from underwriting and pricing

The Company enters into contract with insurance companies for the purpose of underwriting insurance products for the automotive segment including its pricing on behalf of insurer. The risk of underwriting the insurance contract is covered by the insurer and thus the Company is considered as an agent for the purpose of recognizing revenue. The Company’s performance obligation under the contract is to underwrite and price the policies. The Company generates underwriting fees termed as Managing General Agent fee (MGA fee) on provision of those services. The underwriting fee are determined as a percentage of net insurance premium payable to the insurer (net of all commission, royalties, and administration fees). Revenue from underwriting and pricing is recognized upfront based on point in time i.e., at the time the policy is issued to the customer.

IaaS platform enabled services:

Roadside assistance and extended warranty income:

The Company enters into a contract with insurance companies and other subscribers in order to provide roadside assistance services and extended warranty services to their policyholders/subscribers. The Company’s performance obligation under these contracts is to provide roadside assistance and extended warranty services as a stand ready obligation. The Company is the primary obligor in the transaction and has the latitude in establishing prices and selecting and contracting with suppliers, and is accordingly considered as principal for the purpose of recognizing gross revenue. Revenue from roadside assistance and extended warranty services is recorded over the tenure of contract which is usually one year.

Inspection Income:

The Company enters into a contract with insurance companies primarily to inspect the vehicles for accident claims made by their policyholders. The Company’s performance obligation under the contract is to inspect and assist in assessing claims for and on behalf of the customer, i.e. the insurance companies. The Company engages with multiple vendors to provide these services in different geographies. The Company is the primary obligor in the transaction and has the latitude in establishing prices, and selecting and contracting with suppliers, and is accordingly considered as principal for the purpose of recognizing revenue. Revenue from inspection and risk assessment is recorded when the inspections are conducted and billed in arrears on a monthly basis.

Administration fee from Insurance support and service plan administration

The Company enters into a contract with insurance companies to provide insurance support services which includes premium collection, policy administration, claims handling and processing, customer service, updating customer files etc., to provide better customer experience for the policyholders/subscribers. Revenue is recognized over time as the performance obligations are satisfied through effort expended to research, investigate, evaluate, document and process the claims, and control of these services are transferred to customer s/insurance companies. The Company’s obligation to manage and process the claims under insurance support services can range from one to seven years. The Company receives administration fees from its customers at inception of the contract prior to completion of transferring the services to the customer.

The Company’s performance obligation under these contracts is to provide the above services as a stand ready obligation. The obligation to provide insurance services lies with the insurer and the Company has no interest other than receiving the commission/management fee retained. The Company provides the above services on behalf of the insurance companies and is accordingly considered as an agent for the purpose of recognizing revenue.

The Company enters into contracts with Original Equipment Manufacturers ("OEMs") primarily to administer the service plans/extended warranty schemes launched by OEMs. The Company’s performance obligation under these contracts is to administer these programs. The Company acts on behalf of the OEMs and is accordingly considered as an agent for the purpose of recognizing revenue, as the primary obligation to fulfill the service/extended warranty schemes belongs to the OEMs. The administration fees received from the provision of service plan administration is recorded ratably over the tenure of contract which usually ranges from one to seven years.

Contract assets and liabilities

A contract asset (unbilled revenue) is the right to consideration in exchange for goods or services transferred to the customer. If the Company performs by transferring goods or services to a customer before the customer pays consideration or before payment is due, a contract asset is recognized for the earned consideration that is conditional.

Contract liabilities consist of amounts paid by the Company’s customers for which the associated performance obligations have not been satisfied and revenue has not been recognized based on the Company’s revenue recognition criteria described above.

Contract liabilities are classified as current in the consolidated balance sheet when the revenue recognition associated with the related customer payments and invoicing is expected to occur within one year of the balance sheet date and as long-term when the revenue recognition associated with the related customer payments and invoicing is expected to occur in more than one year from the balance sheet date.

Cost of Services

e) Cost of services

The cost of services for the Company's distribution business includes commissions paid to the channel partners, cost of employees and other direct expenses related to facilities.

For our IaaS platform-based services cost of revenue primarily consists of direct costs incurred for delivering the services to customers and the cost of onsite engineering support for roadside assistance, employee related expenses, risk assessment expense and other direct expenses. Amounts incurred towards vendors/suppliers for inspections and roadside assistance also form part of direct cost.

Cost of services are recognized as they are incurred.

Cash and Cash Equivalents

f) Cash and cash equivalents

Cash and cash equivalents primarily represent cash and balances in current bank accounts. The Company considers all short-term deposits with an original maturity of three months or less, when purchased, to be cash equivalents.

Restricted Cash and Cash Equivalents

g) Restricted cash and cash equivalents

Restricted cash and cash equivalents are pledged as security for contractual arrangements. Restricted cash and cash equivalents are classified as current and noncurrent assets based on the term of the remaining restriction. The reconciliation of cash and cash equivalents and restricted cash and cash equivalents to the consolidated balance sheets amounts are as follows:


	As of March 31, 2024		As of March 31, 2023
Cash and cash equivalents		11,186,095		589,340
Restricted cash and cash equivalents—current		-		-
Restricted cash and cash equivalents—non-current		378,993		542,490

Concentration of Credit Risk

h) Concentration of credit risk

Financial instruments that potentially subject the Company to concentration of credit risk are reflected principally in cash and cash equivalents, investment in equity securities and accounts receivable. The Company places its cash and cash equivalents and funds with banks that have high credit ratings, limits the amount of credit exposure with any one bank and conducts ongoing evaluations of the creditworthiness of the corporations and banks with which it does business. The Company holds cash and cash equivalent concentrations in financial institutions around the world in excess of federally insured limits. The Company has not experienced any losses to date related to these concentrations.

Accounts Receivable, Net

i) Accounts receivable, net

Accounts receivables are recorded at invoice value, net of allowance for doubtful accounts. On a periodic basis, management evaluates its accounts receivable and determines whether to provide an allowance or if any accounts should be written off based on a past history of write-offs, collections, and current credit conditions. A receivable is considered past due if the Company has not received payments based on agreed-upon terms

Property and Equipment

j) Property and equipment

Property and equipment represent the costs of furniture and fixtures, office and computer equipment, and leasehold improvements. Property and equipment cost also includes any costs necessarily incurred to bring asset to the condition and location necessary for its intended use. Property and equipment are stated at cost, less accumulated depreciation and impairment losses. Depreciation is calculated using declining balance method over the assets’ estimated useful lives as follows:


Assets	Useful lives (years)
Office and electrical equipment	3-5 years
Computers	3 years
Furniture and fixtures	10 years

Leasehold improvements related to office facilities are depreciated over the shorter of the lease term or the estimated useful life of the improvement.

The Company reviews the remaining estimated useful lives of its property and equipment on an ongoing basis. Management is required to use judgment in determining the estimated useful lives of such assets. Changes in circumstances such as technological advances, changes to the Company’s business model, changes in the Company’s business strategy, or changes in the planned use of property and equipment could result in the actual useful lives differing from the Company’s current estimates. In cases where the Company determines that the estimated useful life of property and equipment should be shortened or extended, the Company would apply the new estimated useful life prospectively.

The Company reviews property and equipment for impairment when events or circumstances indicate the carrying amount may not be recoverable.

Costs of maintenance and repairs that do not improve or extend the lives of the respective assets are expensed as incurred. Upon retirement or sale, the cost and related accumulated depreciation are removed from the balance sheet and the resulting gain or loss is reflected in operating expenses.

Intangible Assets, Net (Including Intangibles under Development)

k) Intangible assets, net (including Intangibles under development)

The Company capitalizes costs incurred on its internal-use software during the application development stage as intangibles under development. Costs related to preliminary project activities and post implementation activities are expensed as incurred. Once the developed software is available for intended use, capitalization ceases, and the Company estimates the useful life of the asset and begins amortization.

Internal-use software is amortized on a straight-line basis over its estimated useful life, which is generally three years and up to five.

The Company evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets.

Leases

l) Leases

The company accounts for leases in accordance with Accounting Standards Codification (“ASC”) 842, “Leases” (“ASC 842”). The company elected the “package of practical expedients,” which permits us not to reassess under ASC 842 our prior conclusions about lease identification, lease classification and initial direct costs. The company made a policy election not to separate non-lease components from lease components, therefore, The company accounts for lease and non-lease components as a single lease component. The company also elected the short-term lease recognition exemption for all leases that qualify.

The company determines if a contract contains a lease at inception of the arrangement based on whether the company has the right to obtain substantially all of the economic benefits from the use of an identified asset and whether it has the right to direct the use of an identified asset in exchange for consideration, which relates to an asset which the company do not own. Right of use (“ROU”) assets represent the company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. ROU assets are recognized as the lease liability, adjusted for lease incentives received. Lease liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value of the future lease payments is the company’s incremental borrowing rate (“IBR”), because the interest rate implicit in most of its leases is not readily determinable. The IBR is a hypothetical rate based on our understanding of what the company’s credit rating would be to borrow and resulting interest it would pay to borrow an amount equal to the lease payments in a similar economic environment over the lease term on a collateralized basis. Lease payments may be fixed or variable; however, only fixed payments or in-substance fixed payments are included in the company’s lease liability calculation. Variable lease payments may include costs such as common area maintenance, utilities, real estate taxes or other costs. Variable lease payments are recognized in operating expenses in the period in which the obligation for those payments is incurred.

Operating leases are included in operating lease ROU assets, short term operating lease liabilities, current and long-term operating lease liabilities, non-current on the company’s consolidated balance sheets. Finance leases are included in property and equipment, net, accrued and other current liabilities, and other long-term liabilities on the company’s consolidated balance sheets. For operating leases, lease expense is recognized on a straight-line basis in operations over the lease term. For finance leases, lease expense is recognized as depreciation and interest; depreciation on a straight-line basis over the lease term and interest using the effective interest method.

Fair Value Measurements and Financial Instruments

m) Fair value measurements and financial instruments

The Company holds financial instruments that are measured and disclosed at fair value. Fair value is determined in accordance with a fair value hierarchy that prioritizes the inputs and assumptions used, and the valuation techniques used to measure fair value. The three levels of the fair value hierarchy are described as follows:

Level 1 inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

Level 2 inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.

Level 3 inputs:Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.

The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. The Company establishes the fair value of its assets and liabilities using the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and established a fair value hierarchy based on the inputs used to measure fair value. The recorded amounts of certain financial instruments, including cash and cash equivalents, restricted cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses and other liabilities approximate fair value due to their relatively short maturities.

Business Combination

n) Business combination

The Company accounts for an acquisition as a business combination if the assets acquired and liabilities assumed in the transaction constitute a business in accordance with Accounting Standard Codification (“ASC”) Topic 805 "Business Combinations". Such acquisitions are accounted using the acquisition method i.e., by recognizing the identifiable tangible and intangible assets acquired and liabilities assumed, and any non-controlling interest in the acquired business, measured at their acquisition date fair values. Where the set of assets acquired and liabilities assumed doesn't constitute a business, it is accounted for as an asset acquisition where the individual assets and liabilities are recorded at their respective relative fair values corresponding to the consideration transferred.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of net assets acquired in business acquisitions accounted for using the acquisition method of accounting and is not amortized. Goodwill is measured and tested for impairment on an annual basis in accordance with ASC 350, Intangibles - Goodwill and Other, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Such events and changes may include significant changes in performance related to expected operating results, significant changes in asset use, significant negative industry or economic trends, and changes in our business strategy.

The Company's test for goodwill impairment starts with a qualitative assessment to determine whether it is necessary to perform the quantitative goodwill impairment test. If qualitative factors indicate that the fair value of the reporting unit is more likely than not less than its carrying amount, then a quantitative goodwill impairment test is performed. For the purposes of impairment testing, the Company determined that it has only one reporting unit. The Company completed the annual impairment test and recognized goodwill impairment charges in the years ended March 31, 2023.

Foreign Currency

o) Foreign currency

The Company’s consolidated financial statements are reported in U.S. Dollar ("USD"), the Parent Company’s functional currency. The functional currency for the Company’s subsidiaries in India, is the Indian Rupee ("INR"), the functional currency of the Company's subsidiary in the United Kingdom is the British Pound Sterling ("GBP") The translation of the functional currency of the Company’s subsidiaries into U.S. Dollar is performed for balance sheet accounts using the exchange rates in effect as of the balance sheet date and for revenues and expense accounts using an average exchange rate prevailing during the respective period. The gains or losses resulting from such translation are reported as currency translation adjustments ("CTA") under other comprehensive income/loss, under accumulated other comprehensive income/loss as a separate component of equity.

Monetary assets and liabilities of the Company and its subsidiaries that are denominated in currencies other than the subsidiary’s functional currency are translated into their respective functional currency at the rates of exchange prevailing on the balance sheet date. Transactions of the Company and its subsidiaries that are denominated in currencies other than the subsidiary’s functional currency are translated into the respective functional currencies at the average exchange rate prevailing during the period of the transaction. The gains or losses resulting from foreign currency transactions are included in the consolidated statements of operations.

Employee Benefit Plans

p) Employee benefit plans

Contributions to defined contribution plans are charged to consolidated statements of operations in the period in which services are rendered by the covered employees. Current service costs for defined benefit plans are accrued in the period to which they relate. The liability from defined benefit plans is calculated annually by the Company using the projected unit credit method. Prior service cost, if any, resulting from an amendment to a plan is recognized and amortized over the remaining period of service of the covered employees.

The Company records annual amounts relating to its defined benefit plans based on calculations that incorporate various actuarial and other assumptions, including discount rates, mortality, future compensation increases and attrition rates. The Company reviews its assumptions on an annual basis and makes modifications to the assumptions based on current rates and trends when it is appropriate to do so. The effect of modifications to those assumptions is recorded in net periodic cost in its entirety immediately. The Company believes that the assumptions utilized in recording its obligations under its plans are reasonable based on its experience and market conditions.

Inventories

q) Inventories

Inventories are stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out method (FIFO) for all inventories.

Income Taxes

r) Income taxes

The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s consolidated financial statements. In estimating future tax consequences, generally all expected future events other than enactments or changes in the tax law or rates are considered.

The Company accounts for uncertainty in tax positions recognized in the consolidated financial statements by recognizing a tax benefit from an uncertain tax position when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized.

Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their tax bases and for all operating loss and tax credit carryforwards, if any. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax laws or rates is recognized in the consolidated statement of income in the period that includes the enactment date. Deferred tax assets are reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Future realization of deferred tax assets ultimately depends on the existence of sufficient taxable income of the appropriate character within the carryback or carryforward periods available under the applicable tax law.

The Company regularly reviews the deferred tax assets for recoverability based on historical taxable income, projected future taxable income, the expected timing of the reversals of existing temporary differences and tax planning strategies. The Company’s judgment regarding future profitability may change due to many factors, including future market conditions and the ability to successfully execute the business plans and/or tax planning strategies. Should there be a change in the ability to recover deferred tax assets, the Company’s income tax provision would increase or decrease in the period in which the assessment is changed.

Income/Loss per Share Attributable to Common Shareholders

s) Income/loss per share attributable to ordinary shareholders

The Company computes net income (loss) per share using the two-class method required for participating securities. The two-class method requires income available to ordinary shareholders for the period to be allocated between ordinary shares and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. For the reclassified periods prior to the Business Combination, the Roadzen (DE) convertible preferred stock is a participating security because holders of such shares have dividend rights in the event that a cash dividend was declared on the common stock of Roadzen (DE) at an amount equal to dividend paid on each share of Roadzen (DE) common stock. The convertible notes of Roadzen (DE) prior to the Business Combination and of the Company at and subsequent to the Business Combination are not considered participating securities. The holders of the convertible preferred stock in Roadzen (DE) prior to the Business Combination would have been would be entitled to dividends in preference to shareholders of Roadzen (DE) common stock, at specified rates, if declared. Then any remaining earnings would be distributed to the holders of Roadzen (DE) common stock and convertible preferred stock on a pro-rata basis assuming conversion of all convertible preferred stock into common stock of Roadzen (DE).

Basic net income/(loss) per share is calculated by dividing the net income/(loss) attributable to Ordinary Shares or,Pre business combination, common stock of Roadzen (DE) by the weighted-average number of ordinary shares or Pre-Business combination, common stock of Roadzen (DE), outstanding during the period, without consideration of potentially dilutive securities. Diluted net income/(loss) per share is computed by dividing the net income/(loss) attributable to Ordinary Shares or, Pre-business combination, common stock of Roadzen (DE), by the weighted-average number of ordinary shares or, pre business combination, common stock of Roadzen (DE) and potentially dilutive securities that could have been outstanding for the period.

Investments

t) Investments

Equity securities

Equity investments with a readily determinable fair value, other than equity method investments, are measured at fair value with changes in fair value recognized in the consolidated statements of operations. Equity investments without a readily determinable fair value, are measured at cost, less any impairment.

Commitments and Contingencies

u) Commitments and contingencies

Liabilities for loss contingencies arising from claims, assessments, litigation, fines, and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. Recoveries of environmental remediation costs from third parties that are probable of realization are separately recorded as assets and are not offset against the related environmental liability.

Expenses

v) Expenses

Set forth below is a brief description of the components of the Company’s expenses:

i. Sales, Marketing and Business development expense

This function includes expenses incurred directly or indirectly for selling and marketing a product or service and costs spent on/by personnel employed under the sales or marketing department and share based compensation expenses. These expenses also include marketing efforts made by the Company to expand its market reach for distributing insurance policies. The expenses include advertisements through different mediums to reach end customers of insurance policies to enhance awareness and educate end customers.

ii. General and administrative expenses

General and administrative expenses include personnel costs for corporate, finance, legal and other support staff, including bonus and share based compensation expenses, professional fees, allowance for doubtful accounts and other corporate expenses.

iii. Research and Development expense

Research and development expense consists of personnel costs incurred by technology development team, subscription costs and other costs associated with ongoing improvements to and maintenance of internally developed software share based compensation and allocation of certain corporate costs.

Recently Issued Accounting Pronouncements and Not Yet Adopted

w) Recently issued accounting pronouncements and not yet adopted.

The Company is an “emerging growth company”, as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). The JOBS Act provides that an emerging growth company can take advantage of an extended transition period for complying with new or revised accounting standards. Thus, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company has elected to take advantage of the extended transition period to comply with new or revised accounting standards and to adopt certain of the reduced disclosure requirements available to emerging growth companies. As a result of the accounting standards election, the Company will not be subject to the same implementation timeline for new or revised accounting standards as other public companies that are not emerging growth companies which may make comparison of the Company’s financial statements to those of other public companies more difficult.

In August 2020, the FASB issued ASU No. 2020-06, “Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity," which signifies the accounting for certain financial instruments with characteristics of liability and equity, including convertible instruments and contracts on an entity's own equity. The standard reduces the number of models used to account for convertible instruments, removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, and requires the if-converted method for calculation of diluted earnings per share for all convertible instruments. The ASU is effective for the Company for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2023. Early adoption is permitted but no earlier than fiscal years beginning after December 15, 2020. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

ii.

In October 2021, the FASB issued ASU No. 2021-08, Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (Topic 805). This ASU requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities (deferred revenue) from acquired contracts using the revenue recognition guidance in Topic 606. At the acquisition date, the acquirer applies the revenue model as if it had originated the acquired contracts. The ASU is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of the ASU should be applied prospectively. Early adoption is also permitted, including adoption in an interim period. If early adopted, the amendments are applied retrospectively to all business combinations for which the acquisition date occurred during the fiscal

year of adoption. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

iii.

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires a public entity to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods all disclosures about a reportable segment’s profit or loss and assets that are currently required annually. It requires a public entity to disclose the title and position of the Chief Operating Decision Maker. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. A public entity should apply the amendments in this ASU retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

iv.

In December 2023, the FASB issued Accounting Standards Update 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”), which provides for additional disclosures primarily related to the income tax rate reconciliations and income taxes paid. ASU 2023-09 requires entities to annually disclose the income tax rate reconciliation using both amounts and percentages, considering several categories of reconciling items, including state and local income taxes, foreign tax effects, tax credits and nontaxable or nondeductible items, among others. Disclosure of the reconciling items is subject to a quantitative threshold and disaggregation by nature and jurisdiction. ASU 2023-09 also requires entities to disclose net income taxes paid or received to federal, state and foreign jurisdictions, as well as by individual jurisdiction, subject to a five percent quantitative threshold. ASU 2023 -09 may be adopted on a prospective or retrospective basis and is effective for fiscal years beginning after December 15, 2024 with early adoption permitted. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

x) Recent Accounting Pronouncements - Accounting Standards Adopted

In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires measurement and recognition of expected credit losses for financial assets by requiring an allowance to be recorded as an offset to the amortized cost of such assets. The standard primarily impacts the amortized cost of the Company's available-for-sale debt securities. The Company adopted this standard, which did not result in a material impact on its consolidated financial statements.

Recapitalization

12 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Recapitalization

3. Recapitalization

As discussed in Note 1, “Reorganization and Description of Business”, following the Closing of Business Combination, Roadzen (DE) was deemed the accounting acquirer of the Parent Company and the transition was accounted for as a reverse recapitalization.

Transaction proceeds

Upon the Closing, the Company received gross proceeds of $26,824. The following table reconciles the elements of the Business Combination to the condensed consolidated statements of cash flows and the condensed consolidated statement of changes in redeemable convertible preferred stock and shareholders’ equity (deficit) for the period ended March 31, 2024:


Cash-trust and cash, net of redemptions	26,824
Less: transaction costs and advisory fees, paid	—
Net proceeds from the Business Combination	26,824
Add: other current assets (including FPA)	46,257,695
Less: transaction costs and advisory fees, accrued	(17,697,924	)
Less: promissory note	(3,731,708	)
Reverse recapitalization, net	24,854,887

The number of shares of Ordinary Share issued immediately following the consummation of the Business Combination were:


Vahanna Class A common stock, outstanding prior to the Business Combination	25,012,500
Less: redemption of Vahanna Class A common stock	(15,670,446	)
Class A common stock of Vahanna	9,342,054
Roadzen (DE) Common stock	58,396,520
Shares issued to FPA	702,255
Ordinary shares immediately after the Business Combination	68,440,829
Unvested Restricted Stock Units	9,903,500

The number of Roadzen (DE) shares was determined as follows:


	Roadzen (DE) Common stock		Ordinary Shares issued to shareholders of Roadzen (DE)
Common stock		606,425		16,501,984
Convertible preferred stock		1,539,566		41,894,536
		2,145,991		58,396,520

Public and private placement warrants

In connection with Vahanna's initial public offering in 2021, 10,004,994 public warrants were issued (the “Public Warrants”) and 9,152,087 warrants were issued in a private placement (the “Private Placement Warrants"; and the Private Placement Warrants together with the Public Warrants, collectively the "Warrants") all of which warrants remained outstanding and became warrants for the ordinary shares in the Company.

Redemption

Prior to the closing of the Business Combination, certain Vahanna public shareholders exercised their right to redeem certain of their outstanding shares for cash, resulting in the redemption of 15,670,446 shares of Vahanna Class A Ordinary Share for an aggregate payment of $168,466,546 (the "Redemption").

Recapitalization - Summary of Business Acquisition Elements Reconciled to Consolidated Financial Statements (Details)	12 Months Ended
	Mar. 31, 2024 USD ($)
Restructuring and Related Activities [Abstract]
Cash-trust and cash, net of redemptions	$ 26,824
Less: transaction costs and advisory fees, paid	0
Net proceeds from the Business Combination	26,824
Add: other current assets (including FPA)	46,257,695
Less: transaction costs and advisory fees, accrued	(17,697,924)
Less: promissory note	(3,731,708)
Reverse recapitalization, net	$ 24,854,887

Income Taxes - Schedule of Components of Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Current:
Domestic	$ 0	$ 0
Foreign	19,177	86,420
Total	19,177	86,420
Deferred:
Domestic	0	0
Foreign	(42,825)	(128,685)
Total	(42,825)	(128,685)
Total provision for income taxes	$ (23,648)	$ (42,265)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The Company's net loss before provision for income taxes for the year ended March 31, 2024 and March 31, 2023 were as follows:


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Domestic		(93,127,552	)		(8,917,510	)
Foreign		(6,755,174	)		(5,325,906	)
Total		(99,882,726	)		(14,243,416	)

Schedule of Components of Provision for Income Taxes

The components of the provision for income taxes for the year ended March 31, 2024 and March 31, 2023 were as follows:


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Current:
Domestic		—			—
Foreign		19,177			86,420
		19,177			86,420
Deferred:
Domestic		—			—
Foreign		(42,825	)		(128,685	)
		(42,825	)		(128,685	)

Total provision for income taxes		(23,648	)		(42,265	)

Schedule of Reconciliation of Statutory Federal Income Tax Rate


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Federal statutory income tax rate		21.00	%		21.00	%
Non deductible expenses		(3.70	%)		(4.08	%)
Valuation allowance		(17.45	%)		(17.65	%)
Foreign rate differential		0.21	%		1.24	%
Share warrants		0.00	%		(0.05	%)
Other		(0.04	%)		(0.17	%)
Total provision for income taxes		0.02	%		0.30	%

Schedule of Net Deferred Tax Assets

The components of the Company’s net deferred tax assets as of the year ended March 31, 2024 and year ended March 31, 2023 were as follows:


Particulars	As of March 31, 2024			As of March 31, 2023
Deferred tax assets:
Net operating loss carry forwards		25,515,511			8,480,316
Unabsorbed depreciation carry forwards		76,126			54,438
Retirement benefits		72,349			56,603
Depreciation and amortization		109,299			50,918
Others		244,136			5,965
Total deferred tax assets		26,017,421			8,648,240
Less: valuation allowance		(25,995,368	)		(8,565,895	)
Deferred tax assets, net of valuation allowance		22,053			82,345
Deferred tax liabilities:
Intangibles on account of business combination		(263,665	)		—
Net deferred tax assets/ (liabilities)		(241,612	)		82,345

Schedule of Movement in Net Deferred Tax Assets

Movement recognized in net deferred tax assets:


	As of March 31, 2023			Recognized/ reversed through statements of operations			Impact of currency translation and acquisitions			As of March 31, 2024
Deferred tax assets:
Net operating loss carry forwards		8,480,316			17,035,195			—			25,515,511
Unabsorbed depreciation carry forwards		54,438			21,688			—			76,126
Retirement benefits		56,603			15,746			—			72,349
Depreciation and amortization		50,918			58,381			—			109,299
Fair value changes on convertible notes		—			—			—			—
Others		5,965			238,171			—			244,136
Less: valuation allowance		(8,565,895	)		(17,429,473	)		—			(25,995,368	)
Deferred tax liabilities:
Intangibles on account of business combination		—			(263,665	)		—			(263,665	)
Acquisitions		—			608,233			(608,233	)		—
Deconsolidation		—			(193,121	)		193,121			—
Currency translation		—			(48,330	)		48,330			—
Net deferred tax assets/ (liabilities)		82,345			42,825			(366,782	)		(241,612	)


Particulars	As of March 31, 2022			Recognized/ reversed through statements of operations			Impact of currency translation and acquisitions		As of March 31, 2023
Deferred tax assets:
Net operating loss carry forwards		5,742,033			2,738,283			—		8,480,316
Unabsorbed depreciation carry forwards		9,174			45,264			—		54,438
Retirement benefits		53,656			2,947			—		56,603
Depreciation and amortization		25,232			25,686			—		50,918
Fair value changes on convertible notes		3,967			(3,967	)		—		—
Others		288,348			(282,383	)		—		5,965
Less: valuation allowance		(6,052,307	)		(2,513,588	)		—		(8,565,895	)
Deferred tax liabilities:
Intangibles on account of business combination		(117,729	)		117,729			—		—
Currency translation		—			(1,286	)		1,286		—
		(47,626	)		128,685			1,286		82,345

Derivative Warrant Liabilities (Additional Information) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Fair valuation of warrants	$ 19,475,005	$ 1,009,374
Mizuho
Derivative [Line Items]
Warrants exercisable price	$ 0.001
Fair valuation of warrants	$ 5,585,955

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash, Cash Equivalents And Restricted Cash (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Cash and Cash Equivalents [Abstract]
Balances with banks In current accounts	$ 11,183,189	$ 588,347
Cash in hand	2,906	993
Cash and Cash Equivalents, at Carrying Value, Total	11,186,095	589,340
Restricted cash and cash equivalents-non-current	$ 378,993	$ 542,490

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References + Details

Income Taxes - Schedule of Income before Income Tax Domestic and Foreign (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Domestic	$ (93,127,552)	$ (8,917,510)
Foreign	(6,755,174)	(5,325,906)
(Loss)/Income before income tax expense	$ (99,882,726)	$ (14,243,416)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Property and Equipment, Net - Additional Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Capitalized amount	$ 687,130	$ 59,568
Cumulative translation adjustment of captilized asset	(1,180)	43,496
Company capitalized towards computer	28,008	115,383
Assets derecognised	73,641
Capitalized computer net of disposal	106	137,230
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation expenses	152,113	145,614
FA Premium Insurance Broking Pvt. Ltd [Member]
Property, Plant and Equipment [Line Items]
Company capitalized towards computer	396,123
Computers
Property, Plant and Equipment [Line Items]
Depreciation expenses	$ 77,422	$ 97,996

Financial Instruments

12 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Financial Instruments

23. Financial instruments

The Company measures the convertible debentures, derivative warrant liabilities and forward purchase agreement asset at their fair values. The Company’s derivative warrant liabilities are categorized as Level 1 because they are measured based on observable listed prices of such instrument. Convertible debentures and Forward Purchase Agreement are categorized as Level 3 because of unobservable inputs and other estimation techniques due to the absence of quoted market prices, inherent lack of liquidity and the tenure of such financial instruments.

Financial instruments measured at fair value on a recurring basis

The following table represents the fair value hierarchy for the Company’s financial instruments measured at fair value on a recurring basis as of March 31, 2024:


	March 31, 2024
	Fair Value Measured using
Particulars	Level 1		Level 2		Level 3		Total
Financial liabilities:
Derivative warrant liabilities		5,585,955		-		-		5,585,955
Convertible debentures		-		-		1,374,481		1,374,481
		5,585,955		-		1,374,481		6,960,436


	March 31, 2024
	Fair Value Measured using
Particulars	Level 1		Level 2		Level 3		Total
Financial assets:
Forward purchase agreement				-		28,784,993		28,784,993
		-		-		28,784,993		28,784,993

The Company uses a third-party valuation specialist to assist management in its determination of the fair value of its Level 1 classified derivative warrant liabilities. The fair value of these financial instruments is based on the volatility of its ordinary share warrants, based on implied volatility from the Company’s traded warrants and from historical volatility of select peer company’s ordinary shares that matches the expected remaining life of the warrants. For key aspects of valuation of convertible debentures refer note 13.

The Company uses a third party valuation specialist to assist management in its determination of the fair value of its Level 3 classified convertible debentures and Forward Purchase Agreement. The instruments were fair valued using a Monte Carlo simulation model utilizing assumptions related to the contractual term of the instruments and current interest rates. For key aspect of the valuation inputs refer notes 14 (c) and 6 (iii) respectively.

The following table presents a reconciliation of the Company’s Level 3 financial instruments measured and recorded at fair value on a recurring basis as of March 31, 2024:


	Financial asset			Financial liability
	Forward purchase agreement			Convertible debentures
Balance as of March 31, 2023		-			-
Initial measurement		46,190,195			1,100,000
Change in fair value		(13,614,569	)		274,481
Value of shares sold in Forward Purchase Agreement		(3,790,633	)		-
Balance as of March 31, 2024		28,784,993			1,374,481

Assets measured at Fair Value on a non-recurring basis

The Company’s non-financial assets, such as goodwill, intangible assets and property and equipment are adjusted to fair value when an impairment charge is recognized. Such fair value measurements are based predominately on Level 3 inputs.

Non-Marketable Equity Securities

The Company measures its non-marketable equity securities that do not have readily determinable fair values under the measurement alternative at cost less impairment, adjusted by price changes from observable transactions recorded within "Other income/(expense) net" in the consolidated statements of operations. The Company’s non-marketable equity securities are investments in privately held companies without readily determinable fair values and primarily relate to its investment in Daokang and Moonshot. During the year ended March 31, 2024, the Company recorded a impairment loss for its non-marketable equity securities, refer note 7.

Management of risks

Interest rate risk - Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate due to change to market interest rates. The Company is exposed to interest rate risk for its long-term debts where the interest rates are variable according to the market conditions.

Foreign currency risk - The Company monitors its foreign currency exposures on a regular basis. The operations are primarily denominated in United States Dollars, Pounds Sterling, Indian Rupees and Euros. For the purpose of analyzing foreign currency exchange risk, we considered the historical trends in foreign currency exchange rates. Based on a sensitivity analysis we have performed as of March 31, 2024, an adverse 10% foreign currency exchange rate change applied to total monetary assets and liabilities denominated in currencies other than the United States Dollar would not have a material effect on our financial statements.

Summary of Significant Accounting Policies - Schedule of Depreciation Over Assets Estimated Useful Lives (Details)	Mar. 31, 2024
Office and Electrical Equipment [Member] \| Minimum [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, Useful lives (years)	3 years
Office and Electrical Equipment [Member] \| Maximum [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, Useful lives (years)	5 years
Computers
Summary of Significant Accounting Policies [Line Items]
Property and equipment, Useful lives (years)	3 years
Furniture and Fixtures [Member]
Summary of Significant Accounting Policies [Line Items]
Property and equipment, Useful lives (years)	10 years

Mezzanine Equity

12 Months Ended

Mar. 31, 2024

Temporary Equity Disclosure [Abstract]

Mezzanine Equity

17. Mezzanine equity

As discussed in Note 1, The Company has retroactively adjusted the shares issued and outstanding equity of Roadzen (DE) prior to the Business Combination to give effect to the conversion ratio to determine the number of Ordinary shares into which the convertible preferred stock of Roadzen (DE) were converted.

As of March 31, 2023, the redeemable convertible preferred stock consisted of the following:


	Shares issued and outstanding		Per share original issue price	Aggregate conversion amount		Carrying value
Series A		200,000	0.5		100,000		100,000
Series A1		1,265,100	1.5		1,897,650		48,174,279
		1,465,100			1,997,650		48,274,279

Upon the closing of the Business Combination, 1,539,566 shares of redeemable convertible preferred stock issued and outstanding in Roadzen (DE) were converted into 41,894,536 shares of ordinary shares of parent company at the conversion ratio.

As of March 31, 2024, no shares of convertible preferred stock of Roadzen (DE) were outstanding.

Condensed Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Mar. 31, 2023
Temporary equity, shares outstanding		1,465,100
Temporary equity, shares issued		1,465,100
Temporary equity, shares authorized		81,635,738
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	60,000,000	0
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	220,000,000	108,840,000
Common stock, shares issued	68,440,829	16,501,984
Common stock, shares outstanding	68,440,829	16,501,984
Series A Preferred Stock [Member]
Temporary equity, shares outstanding		39,868,173
Temporary equity, shares issued	0	39,868,173
Temporary equity, par or stated value per share	$ 0.0001
Temporary equity, shares authorized	0	5,442,383
Series A1 Preferred Stock [Member]
Temporary equity, shares outstanding		39,868,173
Temporary equity, shares issued	0	39,868,173
Temporary equity, par or stated value per share	$ 0.0001
Temporary equity, shares authorized	0	76,193,356

Other Current Liabilities - Additional Information (Details) - USD ($)		12 Months Ended
	Jun. 06, 2023	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Consideration payable in connection with acquisitions		$ 488,000	$ 243,036
National Automobile Club
Business Acquisition [Line Items]
Consideration payable in connection with acquisitions	$ 2,238,000
Consideration payable in connection with acquisitions		$ 488,000

Business Combinations - Schedule of Major Classes of Assets and Liabilities Allocated to Purchase Price (Details) - USD ($)				12 Months Ended
	Jul. 01, 2023	Jun. 30, 2023	Jun. 06, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition [Line Items]
Purchase consideration				$ 488,000	$ 243,036
Goodwill				2,061,553	$ 996,441	$ 1,725,292
Global Insurance Management Limited
Business Acquisition [Line Items]
Cash and cash equivalents		$ 10,997,974
Acquired Customer Contract		1,157,920
Other assets		7,157,343
Other liabilities		(15,947,363)
Net assets		3,365,874
Purchase consideration		3,998,000
Goodwill		$ 632,126		632,126
National Automobile Club
Business Acquisition [Line Items]
Cash and cash equivalents			$ 182,713
Intangible assets			13,384
Acquired Customer Contract			870,027
Other assets			1,947,606
Other liabilities			(1,215,247)
Net assets			1,798,483
Purchase consideration			2,238,000
Goodwill			$ 439,517	39,517
FA Premium Insurance Broking Private Limited
Business Acquisition [Line Items]
Cash and cash equivalents	$ 72,430
Intangible assets	34,754
Other assets	670,182
Other liabilities	(736,298)
Net assets	875,778
Purchase consideration	1,279,820
Goodwill	404,042			$ 404,042
FA Premium Insurance Broking Private Limited \| Customer contracts
Business Acquisition [Line Items]
Acquired Customer Contract	20,345
FA Premium Insurance Broking Private Limited \| Distribution network
Business Acquisition [Line Items]
Acquired Customer Contract	$ 814,365

Net Loss Per Share (Tables)

12 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Computation Of Basic Net Loss Per Share Attributable To Ordinary Shareholders And Preferred Stock Holders


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Numerator:
Net loss		(99,669,335	)		(14,024,268	)
Less: dividend attributable to preferred stockholders for the current year		-			119,216
Net loss attributable to Roadzen Inc. ordinary shareholders		(99,669,335	)		(14,143,484	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted		44,032,410			16,501,984
Net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted		(2.26	)		(0.86	)

Schedule of Potential Ordinary Shares Equivalents Excluded From The Computation Of Diluted Net Loss Per Share


Particulars	For the year ended March 31, 2024		For the year ended March 31, 2023
Share warrants		20,363,067		-
Restricted stock units		9,707,928		-
Convertible instruments		24,645		-
Preferred stock		—		1,125,376
Total		30,095,640		1,125,376

Prepayments and Other Current Assets - Schedule of Prepayments and Other Current Assets (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Prepaid Expense And Other Assets Current [Line Item]
Balance with statutory authorities	$ 1,462,119	$ 1,189,787
Unbilled revenue	1,821,134	868,382
Advances given (net of doubtful advances of $2,299,569 as of March 31, 2024 and $225,495 as of March 31, 2023)	672,716	922,380
Other receivables (net of doubtful receivables of $2,800,000 as of March 31, 2024)	6,829	126,928
Prepayments	1,613,407	22,091
Forward purchase agreement	28,784,993
Deposits	65,137	52,368
Prepayments and other current assets	$ 34,426,335	$ 3,181,936

Other Long-Term Liabilities

12 Months Ended

Mar. 31, 2024

Other Liabilities Disclosure [Abstract]

Other Long-Term Liabilities

15. Other long-term liabilities


	As of March 31, 2024		As of March 31, 2023
Retirement benefits		250,399		294,301
Deferred tax liability		263,665		—
Deferred revenue		727,853		—
		1,241,917		294,301

Borrowings - Summary of Estimated Fair Value of Working Capital Loan (Details)	Mar. 31, 2024 $ / shares
Debt Disclosure [Abstract]
Closing price	$ 0.09
Open price	0.09
High	0.09
Low	$ 0.09

Net Loss Per Share - Schedule of Computation of Basic Net Loss Per Share Attributable to Ordinary Shareholders and Preferred Stock Holders (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator:
Net (loss)/income	$ (99,669,335)	$ (14,024,268)
Less: dividend attributable to preferred stockholders for the current year		119,216
Net loss attributable to Roadzen Inc. ordinary shareholders	$ (99,669,335)	$ (14,143,484)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Roadzen, Inc. ordinary shareholders - basic	44,032,410	16,501,984
Weighted-average shares used in computing net loss per share attributable to Roadzen, Inc. ordinary shareholders - diluted	44,032,410	16,501,984
Net loss per share attributable to Roadzen, Inc. ordinary shareholders - basic	$ (2.26)	$ (0.86)
Net loss per share attributable to Roadzen, Inc. ordinary shareholders - diluted	$ (2.26)	$ (0.86)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-11

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

+ Details

Employee Benefit Plans - Additional Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan [Abstract]
Estimated net defined benefit plan cost	$ (18,273)	$ 152,247
Defined benefit plan, cost over the next fiscal	14,192
Contributed amount	$ 332,169	$ 115,947

Stock Based Compensation

12 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock Based Compensation

. Stock based compensation

The share-based compensation awards issued under the Company’s 2023 Omnibus Incentive Plan to the Company’s employees, officers, directors, are all equity-classified instruments. Restricted stock units ("RSUs") outstanding as of March 31, 2024 have service vesting conditions of one year. Compensation expenses are based on the grant-date fair value of the awards and recognized over the requisite service period using a straight-line method for stock options and a graded vesting method for RSUs. The Company has elected to account for forfeitures of employee stock awards as they occur.

Share-based compensation is in the form of restricted stock units (RSUs). The fair value per RSU is calculated using the Black-Scholes option valuation model.

Option value and assumption



Fair value per share (as of grant date)	$	10.83
Exercise price	$	0
Assumptions:
Volatility		30.82	%
Expected dividends		0.00	%
Expected term (in years)	1.5
Risk free rate		5.24	%

        Stock option activity

        As of
March 31,
2024

        Opening unvested units

Granted

9,903,500

Exercised

-

Cancelled

195,572

Closing unvested units

9,707,928

Stock-based compensation expense related to RSUs granted to employees was $56,303,135 for the year ended March 31, 2024, the unrecognized compensation expense related to unvested RSUs was approximately $48,834,353 which is expected to be recognized over a weighted-average period of approximately 6 months.

Derivative Warrant Liabilities

12 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Warrant Liabilities

13. Derivative warrant liabilities

Fair valuation of warrants issued or to be issued to lenders as a part of a senior secured note agreement entered into between Roadzen (DE) and Mizuho Securities USA LLC ("Mizuho") as administrative agent amounting to $5,585,955. Each warrant grants the holder the right to purchase one Ordinary Share of the Company at an exercise price of $0.001 with a cashless settlement option where the difference between the exercise price and the market price would be paid to the warrant holder in the form of Ordinary Shares. Since the Company has warrants traded under the symbol RDZNW, market price method was used to compute the fair market value on the reporting date. The warrants issued are recognized as derivative liabilities and were initially measured using the Black-Scholes model and are subsequently remeasured at each reporting period with changes recorded in consolidated statements of operation. As per the agreement entered into, if the principal and interest payments are not made as per the repayment schedule, the Company is obliged to issue warrants in the following sequence:


Milestone (days past due)	Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date
180 days		1.00	%
210 days		1.17	%
240 days		1.33	%
270 days		1.50	%
300 days		1.67	%
330 days		1.83	%
360 days		2.50	%

A comparison of the assumptions used in calculating estimated fair value of warrants due as of March 31, 2024 is as follows:



Closing price	$	6.50
Risk Free rate		4.21	%
Dividend Yield		0	%
Volatility		126.55	%
Expected Life of the option	4.75 years

Accounts Payable and Accrued Expenses (Tables)

12 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Expenses


	As of March 31, 2024		As of March 31, 2023
Accounts payable		22,795,847		2,008,731
Accrued expenses		5,916,896		3,575,445
Amounts due to employees		860,895		656,890
		29,573,638		6,241,066

Recapitalization - Summary of Number of Roadzen (DE) Shares (Details)	12 Months Ended
	Mar. 31, 2024 shares
Restructuring Cost and Reserve [Line Items]
Roadzen (DE) Common stock	2,145,991
Ordinary Shares issued to shareholders of Roadzen (DE)	58,396,520
Convertible Preferred Stock [Member]
Restructuring Cost and Reserve [Line Items]
Roadzen (DE) Common stock	1,539,566
Ordinary Shares issued to shareholders of Roadzen (DE)	41,894,536
Ordinary Share [Member]
Restructuring Cost and Reserve [Line Items]
Roadzen (DE) Common stock	606,425
Ordinary Shares issued to shareholders of Roadzen (DE)	16,501,984

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Commitments and Contingencies - Schedule of Supplemental Cash Flow Information Related to Leases and Non Cash Flows Arising From Lease Transactions (Details)	12 Months Ended
	Mar. 31, 2024 USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 210,042
Right-of-use assets obtained in exchange for lease obligations:
Operating Assets	$ 415,141

Cash, Cash Equivalents and Restricted Cash (Tables)

12 Months Ended

Mar. 31, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents and Restricted Cash


	As of March 31, 2024		As of March 31, 2023
Balances with banks
In current accounts		11,183,189		588,347
Cash in hand		2,906		993
		11,186,095		589,340

Restricted cash and cash equivalents (non - current)		378,993		542,490

Other Current Liabilities (Tables)

12 Months Ended

Mar. 31, 2024

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Schedule of Other Current Liabilities

Other current liabilities consist of the following:


	As of March 31, 2024		As of March 31, 2023
Statutory liabilities		1,252,384		1,417,751
Deferred revenue		656,968		108,442
Advances from customers		445,696		52,227
Provision for income tax		-		83,054
Retirement benefits		14,128		3,008
Other payables		862,786		839,411
		3,231,962		2,503,893

Summary Of Obliged To Issue Warrants Shares


Milestone (days past due)	Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date
180 days		1.00	%
210 days		1.17	%
240 days		1.33	%
270 days		1.50	%
300 days		1.67	%
330 days		1.83	%
360 days		2.50	%

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of March 31, 2024 is as follows:


Volatility		62.65	%
Risk-free rate		4.21	%
Dividend yield		0.00	%
Strike price		10.77
Remaining term (years)	1 year

Warrants

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

A comparison of the assumptions used in calculating estimated fair value of warrants due as of March 31, 2024 is as follows:



Closing price	$	6.50
Risk Free rate		4.21	%
Dividend Yield		0	%
Volatility		126.55	%
Expected Life of the option	4.75 years

Employee Benefit Plans - Schedule of Amounts Recognized in Financial Statements Based on Actuarial Valuations (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan, Roll Forwards [Abstract]
Projected benefit obligation at the beginning of the year	$ 297,309	$ 163,744
Interest costs	$ 21,664	$ 11,610
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Income (Expense)	Other Nonoperating Income (Expense)
Service costs	$ 80,183	$ 124,010
Actuarial (gain) loss	(120,120)	16,627
Benefits paid	(10,358)	0
Effect of exchange rate changes	(4,151)	(18,682)
Projected benefit obligation at the end of the year	$ 264,527	$ 297,309

Prepayments and Other Current Assets

12 Months Ended

Mar. 31, 2024

Prepaid Expense and Other Assets, Current [Abstract]

Prepayments and Other Current Assets

6. Prepayments and other current assets


	As of March 31, 2024		As of March 31, 2023
Balance with statutory authorities		1,462,119		1,189,787
Unbilled revenue		1,821,134		868,382
Advances given (net of doubtful advances of $2,299,569 as of March 31, 2024 and $225,495 as of March 31, 2023)		672,716		922,380
Other receivables (net of doubtful receivables of $2,800,000 as of March 31, 2024)		6,829		126,928
Prepayments		1,613,407		22,091
Forward purchase agreement		28,784,993		—
Deposits		65,137		52,368
		34,426,335		3,181,936

Advances given include:

$ 244,087 and $ 822,278 of advances to suppliers as of March 31, 2024 and March 31, 2023, respectively.

ii.

iii.

Forward purchase agreement

The Forward Purchase Agreement represents the recognition of the cash payments to the Seller of $46.2 million (including prepayment of $46.1 million and the reimbursable transaction cost of $0.1 million) and the forward purchase agreement with regard to 4,297,745 shares (recycled shares) and 702,255 shares (FPA subscription shares).The fair value of the forward purchase agreement is comprised of the Prepayment Amount ($ 46.2 million) and is reduced by the economics of the downside provided to the Sellers ($13.6 million) and the estimated consideration payment at the Cash Settlement Payment Date ($ 28.8 million). During the year ended March 31, 2024, an amount of $3.8 million was received from the Seller and accordingly the value of Forward Purchase Agreement was adjusted. The forward purchase agreement asset will be remeasured at fair value with changes in earnings in the future periods. Forward purchase agreement are treated as a Financial Instrument and revalued at each reporting date with the corresponding earnings (loss) reflected in the consolidated statements of operations as a change in fair value of Forward Purchase Agreement.

Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of March 31, 2024 is as follows:


Volatility		62.65	%
Risk-free rate		4.21	%
Dividend yield		0.00	%
Strike price		10.77
Remaining term (years)	1 year

Accounts Payable and Accrued Expenses

12 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

11. Accounts payable and accrued expenses


	As of March 31, 2024		As of March 31, 2023
Accounts payable		22,795,847		2,008,731
Accrued expenses		5,916,896		3,575,445
Amounts due to employees		860,895		656,890
		29,573,638		6,241,066

1) As the accounting acquirer, Roadzen (DE) is deemed to have assumed certain accounts payables which was obtained in connection with Business Combination amounting to $ 17,422,094 due to transaction costs in consummating the Business Combination. Accounts payable consists related party balance of $5,979 and USD NIL as of March 31, 2024 and March 31, 2023 respectively. Accrued expenses included the amount of USD 0.57 million on account of interest due but not paid.

2) Amount due to employees consists of reimbursements and salaries payable. The total includes related parties balance of $95,971 and $45,162 as of March 31, 2024 and as of March 31, 2023, respectively.

Consolidated Statement of Mezzanine Equity and Shareholders' Deficit - USD ($)

Total

Convertible Preferred Stock [Member]

Previously Reported [Member]

Convertible Preferred Stock [Member]

Revision of Prior Period, Adjustment [Member]

Convertible Preferred Stock [Member]

Ordinary Stock and Additional Paid In Capital [Member]

Previously Reported [Member]

Ordinary Stock and Additional Paid In Capital [Member]

Revision of Prior Period, Adjustment [Member]

Accumulated Deficit [Member]

Previously Reported [Member]

Debenture Redemption Reserve [Member]

Previously Reported [Member]

Stock Based Compensation [Member]

Accumulated Other Comprehensive Loss [Member]

Previously Reported [Member]

Mezzanine equity, beginning balance at Mar. 31, 2022

$ 23,696,228

Mezzanine equity, beginning balance (in shares) at Mar. 31, 2022

947,163

Beginning balance at Mar. 31, 2022

$ (36,878,068)

$ 303,213

$ (37,057,245)

$ (124,036)

Beginning Balance (in shares) at Mar. 31, 2022

606,425

Issuance of convertible preferred stock on conversion of convertible notes

$ 24,006,892

Issuance of convertible preferred stock on conversion of convertible notes, Shares

514,028

Issuance of Series A1 stock during the period through rights issue

$ 458,000

Issuance of Series A1 stock during the period through rights issue, Shares

2,956

Exercise of preferred share warrants

953

Exercise of preferred share warrants, Shares

$ 113,159

Net profit attributable to ordinary shareholders

(14,024,268)

Impact of issuance/repayment of debenture

(366,786)

$ 366,786

Other comprehensive income

57,133

Mezzanine equity, ending balance at Mar. 31, 2023

$ 48,274,279

Mezzanine equity, ending balance (in shares) at Mar. 31, 2023

1,465,100

39,868,173

1,465,100

38,403,073

Ending Balance (in shares) at Mar. 31, 2023

16,501,984

606,425

15,895,559

Ending Balance at Mar. 31, 2023

$ (50,845,203)

$ 303,213

(51,448,299)

$ (51,448,299)

366,786

$ 366,786

(66,903)

$ (66,903)

Issuance of Series A1 stock during the period through rights issue

^[1]

$ 8,879,409

Issuance of Series A1 stock during the period through rights issue, Shares

^[1]

1,558,916

Issuance of Series A1 stock during the period through conversion of loan

^[1]

$ 2,662,590

Issuance of Series A1 stock during the period through conversion of loan, Shares

^[1]

467,446

Net profit attributable to ordinary shareholders

(99,669,335)

Movement attributable to stock based Compensation Reserve

$ 56,303,135

Impact of issuance/repayment of debenture

109,215

(109,215)

Other comprehensive income

(533,598)

Conversion of redeemable convertible preferred stock into ordinary shares upon Business Combination

$ (59,816,278)

Conversion of redeemable convertible preferred stock into ordinary shares upon Business Combination, shares

(41,894,535)

Conversion of redeemable convertible preferred stock into ordinary shares upon Business Combination

59,816,278

$ 59,816,278

Conversion of redeemable convertible preferred stock into ordinary stock upon Business Combination, Shares

41,894,536

Issuance of ordinary shares upon Business Combination

$ 24,854,887

Issuance of ordinary shares upon Business Combination, Shares

10,044,309

Mezzanine equity, ending balance (in shares) at Mar. 31, 2024

Ending Balance (in shares) at Mar. 31, 2024

2,145,991

1,539,566

68,440,829

Ending Balance at Mar. 31, 2024

$ (10,073,836)

$ 84,974,378

$ (151,008,419)

$ 257,571

$ 56,303,135

$ (600,501)

[1]

*Issuance of shares through rights issue and conversion of loan made by Roadzen (DE) was converted at a conversion ratio of 1 share of common stock issued against 1 share of preferred stock and subsequently, these shares of common stock were converted at a conversion ratio of 27.21 shares for each share of Ordinary Shares of the company and these have been restated to give effect to the Business Combination.

Mezzanine Equity - Summary of Redeemable Convertible Preferred Stock (Details)	Mar. 31, 2023 USD ($) $ / shares shares
Temporary Equity [Line Items]
Redeemable convertible preferred stock, Shares issued \| shares	1,465,100
Redeemable convertible preferred stock, Shares outstanding \| shares	1,465,100
Redeemable convertible preferred stock, Aggregate conversion amount \| $	$ 1,997,650
Redeemable convertible preferred stock, Carrying value \| $	$ 48,274,279
Series A
Temporary Equity [Line Items]
Redeemable convertible preferred stock, Shares issued \| shares	200,000
Redeemable convertible preferred stock, Shares outstanding \| shares	200,000
Redeemable convertible preferred stock, Per share original issue price \| $ / shares	$ 0.5
Redeemable convertible preferred stock, Aggregate conversion amount \| $	$ 100,000
Redeemable convertible preferred stock, Carrying value \| $	$ 100,000
Series A1
Temporary Equity [Line Items]
Redeemable convertible preferred stock, Shares issued \| shares	1,265,100
Redeemable convertible preferred stock, Shares outstanding \| shares	1,265,100
Redeemable convertible preferred stock, Per share original issue price \| $ / shares	$ 1.5
Redeemable convertible preferred stock, Aggregate conversion amount \| $	$ 1,897,650
Redeemable convertible preferred stock, Carrying value \| $	$ 48,174,279

- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.E.Q2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479830/718-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

+ Details

Net Loss Per Share

12 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Net Loss Per Share

27. Net loss per share

Basic net loss per share attributable to ordinary shareholders is computed by dividing the net loss by the number of weighted-average outstanding ordinary shares. Diluted net loss per share attributable to ordinary shareholders is determined by giving effect to all potential common equivalents during the reporting period, unless including them yields an antidilutive result. The Company considers its preferred stocks, convertible notes and share warrants as potential common equivalents, but excluded them from the computation of diluted net loss per share attributable to ordinary shareholders in the periods presented, as their effect was antidilutive.

The following table sets forth the computation of basic net loss per share attributable to ordinary shareholders and preferred stock holders:


Particulars	For the year ended March 31, 2024			For the year ended March 31, 2023
Numerator:
Net loss		(99,669,335	)		(14,024,268	)
Less: dividend attributable to preferred stockholders for the current year		-			119,216
Net loss attributable to Roadzen Inc. ordinary shareholders		(99,669,335	)		(14,143,484	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted		44,032,410			16,501,984
Net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted		(2.26	)		(0.86	)

The following table summarizes the number of potential Ordinary Shares equivalents that were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented:


Particulars	For the year ended March 31, 2024		For the year ended March 31, 2023
Share warrants		20,363,067		-
Restricted stock units		9,707,928		-
Convertible instruments		24,645		-
Preferred stock		—		1,125,376
Total		30,095,640		1,125,376

Revenue - Schedule of Summarizes Revenue By The Company's Service (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue from services	$ 46,724,287	$ 13,560,498
Commission and Distribution Income [Member]
Disaggregation of Revenue [Line Items]
Revenue from services	30,500,018	9,173,671
Income from Insurance as a Service [Member]
Disaggregation of Revenue [Line Items]
Revenue from services	$ 16,224,268	$ 4,386,827

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Financial instruments (Tables)

12 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis


	March 31, 2024
	Fair Value Measured using
Particulars	Level 1		Level 2		Level 3		Total
Financial liabilities:
Derivative warrant liabilities		5,585,955		-		-		5,585,955
Convertible debentures		-		-		1,374,481		1,374,481
		5,585,955		-		1,374,481		6,960,436


	March 31, 2024
	Fair Value Measured using
Particulars	Level 1		Level 2		Level 3		Total
Financial assets:
Forward purchase agreement				-		28,784,993		28,784,993
		-		-		28,784,993		28,784,993

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Company’s Level 3 financial instruments measured and recorded at fair value on a recurring basis as of March 31, 2024:


	Financial asset			Financial liability
	Forward purchase agreement			Convertible debentures
Balance as of March 31, 2023		-			-
Initial measurement		46,190,195			1,100,000
Change in fair value		(13,614,569	)		274,481
Value of shares sold in Forward Purchase Agreement		(3,790,633	)		-
Balance as of March 31, 2024		28,784,993			1,374,481

Prepayments and Other Current Assets - Additional Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Prepaid Expense And Other Assets Current [Line Item]
Cash payments to the Seller	$ 2,906	$ 993
Prepayments	1,613,407	$ 22,091
Forward Purchase Agreement Asset [Member]
Prepaid Expense And Other Assets Current [Line Item]
Cash payments to the Seller	46,200,000
Prepayments	46,100,000
Reimbursable transaction cost	$ 100,000
Recycled shares	4,297,745
Asset PIPE subscription shares	702,255
Fair value of forward purchase agreement asset prepayment amount	$ 46,200,000
Fair value of forward purchase agreement asset reduction in the economics provided by sellers	13,600,000
Fair value of forward purchase agreement asset payment at the cash settlement payment date	28,800,000
Fair value of forward purchase agreement asset selling amount	$ 3,800,000

Business Combinations - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Business Combinations [Abstract]
Opening balance	$ 996,441	$ 1,725,292
Goodwill relating to acquisitions consummated during the year	1,475,685
Derecognition on deconsolidation of subsidiaries	(535,844)
Impairment recognized on goodwill during the year		(664,903)
Impairment reversed on goodwill during the year on account of deconsolidation of subsidiaries	131,803
Effect of exchange rate changes	(6,532)	(63,948)
Closing balance	$ 2,061,553	$ 996,441

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Accounts Receivables, Net (Tables)

12 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Summary of Accounts Receivables


	As of March 31, 2024			As of March 31, 2023
Accounts receivable		3,997,591			1,549,711
Less: allowance for credit losses		(345,211	)		(13,726	)
Accounts receivable, net		3,652,380			1,535,985

Summary of Account Receivables, Allowance for Credit Accounts

The following table provides details of the Company's allowance for credit accounts:


Balance, beginning of period	13,726		14,884
Additions charged	301,309		—
Existing allowance in acquired entities	43,902		—
Effect of exchange rate changes	(13,726	)	(1,158	)
Balance, end of period	345,211		13,726

Intangible Assets, Net (Tables)

12 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets


	As of March 31, 2024			As of March 31, 2023
Software for internal use		8,583,145			7,292,101
Customer contracts - (refer note 21)		2,299,835			682,399
Intangible assets under development		439,374			196,174
Intellectual property		153,487			112,176
Trademark		54			55
Total		11,475,895			8,282,905
Less: accumulated depreciation and amortization		(8,442,649	)		(5,569,048	)
Less: impairment loss		(43,642	)		(244,699	)
Intangible assets, net		2,989,604			2,469,158

Schedule of Estimated Amortization of The Company's Intangible Assets for Future Periods

The estimated amortization schedule for the Company’s intangible assets for future periods is set out below:


For Period Ended March 31:	Amount
2025		1,606,872
2026		748,473
2027 and thereafter		194,885

Borrowings - Schedule of Secured Debentures (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Interest rate	17.50%
Amount outstanding	$ 2,214,754	$ 3,198,569
N1 Series Debentures 19.50% due on 31-May-24
Debt Instrument [Line Items]
Interest rate	19.50%
Maturity date	May 31, 2024
Amount outstanding	$ 578,137
N2 Series Debentures 19.50% due on 31-Jul-24
Debt Instrument [Line Items]
Interest rate	19.50%
Maturity date	Jul. 31, 2024
Amount outstanding	$ 327,412
N3 Series Debentures 19.25% due on 31-May-24
Debt Instrument [Line Items]
Interest rate	19.25%
Maturity date	May 31, 2024
Amount outstanding	$ 409,643
N4 Series Debentures 20.00% due on 31-Jan-24
Debt Instrument [Line Items]
Interest rate	20.00%
Maturity date	Jan. 31, 2024
Amount outstanding	$ 899,562

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Employee Benefit Plans - Schedule of Amounts Recognized in the Consolidated Balance Sheets (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Amounts recognized in the Consolidated Balance Sheets consist of
Current liabilities (recorded under accrued expenses and other current liabilities)	$ 14,128	$ 3,008
Non-current liabilities (recorded under other liabilities)	250,399	294,301
Unfunded amount recognized	0	0
Total amounts recognized	$ 264,527	$ 297,309

Condensed Balance Sheets - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 11,186,095	$ 589,340
Accounts receivable, net	3,652,380	1,535,985
Inventories	70,667	59,897
Prepayments and other current assets	34,426,335	3,181,936
Investments	507,094
Total current assets	49,842,571	5,367,158
Restricted cash	378,993	542,490
Non marketable securities	1,514,796	4,910,030
Property and equipment, net	454,589	232,493
Goodwill	2,061,553	996,441
Operating lease right-of-use assets	822,327	545,988
Intangible assets, net	2,989,604	2,469,158
Other long term assets	71,913	117,484
Total Assets	58,136,346	15,181,242
Current Liabilities:
Current portion of long-term borrowings	2,228,471	2,852,528
Short term borrowings	15,754,829	4,875,801
Due to insurer	8,918,849
Accounts payable and accrued expenses	29,573,638	6,241,066
Derivative warrant liabilities	5,585,955
Short-term operating lease liabilities	358,802	208,697
Other current liabilities	3,231,962	2,503,893
Total Current Liabilities	65,652,506	16,681,985
Long term borrowings	1,472,933	653,269
Long-term operating lease liabilities	268,856	360,306
Other long term liabilities	1,241,917	294,301
Total Liabilities	68,636,212	17,989,861
Commitments and contingencies (refer note 26)
None authorized or issued as of March 31, 2024; Series A and A1 preferred stock and additional paid in capital, $0.0001 par value per share, 81,635,738 shares authorized (Series A 5,442,383 and Series A1 76,193,356); 39,868,173 shares issued and outstanding as on March 31, 2023.		48,274,279
Shareholders' Deficit:
Preference shares, $0.0001 par value per share, 60,000,000 shares authorized and none issued as of March 31, 2024 and none authorized or issued as of March 31, 2023
Ordinary Shares Value	84,974,378	303,213
Accumulated deficit	(151,008,419)	(51,448,299)
Accumulated other comprehensive income/(loss)	(600,501)	(66,903)
Other components of equity	56,560,706	366,786
Total shareholders' deficit	(10,073,836)	(50,845,203)
Non controlling interest	(426,030)	(237,695)
Total deficit	(10,499,866)	(51,082,898)
Total liabilities, Mezzanine equity and Shareholders' deficit, Non-controlling interest	$ 58,136,346	$ 15,181,242

Financial Instruments - Additional Information (Details)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Foreign currency exchange rate	10

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Mar. 31, 2024	Jun. 26, 2024	Sep. 29, 2023
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--03-31
Entity Registrant Name	ROADZEN INC.
Entity Central Index Key	0001868640
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Document Transition Report	false
Document Annual Report	true
Entity Incorporation, State or Country Code	D8
Entity Address, Address Line One	111 Anza Boulevard
Entity Address, Address Line Two	Suite 109
Entity Address, City or Town	Burlingame
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94010
Entity File Number	001-41094
Entity Tax Identification Number	98-1600102
City Area Code	650
Local Phone Number	414-3530
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 285,398,257
Entity Common Stock, Shares Outstanding		68,440,829
Auditor Name	ASA & Associates LLP
Auditor Location	Gurugram, IndiaJuly 01, 2024
Auditor Firm ID	3083
Ordinary Share [Member]
Document Information [Line Items]
Title of 12(b) Security	Ordinary Shares, par value $0.0001 per share
Trading Symbol	RDZN
Security Exchange Name	NASDAQ
Warrants, each warrant exercisable for one Ordinary Share, each at an exercise price of $11.50 per share [Member]
Document Information [Line Items]
Title of 12(b) Security	Warrants, each warrant exercisable for one ordinary share, each at an exercise price of $11.50 per share
Trading Symbol	RDZNW
Security Exchange Name	NASDAQ

Accounts Receivables, Net - Summary of Account Receivables, Allowance for Credit Accounts (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Receivables [Abstract]
Balance, beginning of period	$ 13,726	$ 14,884
Additions charged	301,309
Existing allowance in acquired entities	43,902
Effect of exchange rate changes	(13,726)	(1,158)
Balance, end of period	$ 345,211	$ 13,726

Reorganization and Description of Business

12 Months Ended

Mar. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Reorganization and Description of Business

1. Reorganization and description of business

Roadzen Inc., a British Virgin Islands business company (the “Parent Company”, formerly known as Vahanna Tech Edge Acquisition I Corp and sometimes referred to in this filing as "Vahanna") has subsidiaries located in India, the United States and the United Kingdom. The Company is a leading Insurtech platform and provides solutions in relation to insurance products, including distribution, pre-inspection assistance, telematics, claims submission and administration, and roadside assistance. The consolidated financial statements include the accounts of Roadzen Inc. and its subsidiaries (collectively, "Roadzen", or the "Company”).

Merger agreement

On September 20, 2023 (the “Closing Date”), Vahanna, Roadzen, Inc., a Delaware corporation ("Roadzen (DE)"), and Vahanna Merger Sub Corp., a Delaware corporation and a direct, wholly owned subsidiary of Vahanna (“Merger Sub”), consummated the previously announced Business Combination (as defined below) pursuant to the Agreement and Plan of Merger, dated February 10, 2023, by and among Vahanna, Roadzen (DE) and Merger Sub (the “Initial Merger Agreement”), as amended by the First Amendment to the Agreement and Plan of Merger, dated June 29, 2023 (the “Merger Agreement Amendment;” the Initial Merger Agreement as amended by the Merger Agreement Amendment, the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Roadzen (DE), with Roadzen (DE) surviving the merger as a wholly owned subsidiary of Vahanna (the “Merger,” and together with the other transactions contemplated by the Merger Agreement and the other agreements contemplated thereby, the “Business Combination”).

In connection with the Closing (as defined below), and pursuant to the terms of the Merger Agreement, equity interests in Vahanna and Roadzen (DE) were converted into ordinary shares of Parent Company, $0.0001 par value ("Ordinary Shares") as follows: (i) each outstanding share of common stock of Roadzen (DE) including shares of common stock issued upon conversion of each outstanding share of Roadzen (DE)'s convertible preferred stock, was cancelled and converted into 27.21 Ordinary Shares, (ii) each restricted stock unit of Roadzen (DE) (“Roadzen (DE) RSU”) was assumed and converted into the right to receive 27.21 restricted stock units of the Parent Company (each, a “RDZN RSU”) and were assumed as Substitute Awards under the Roadzen Inc. 2023 Omnibus Incentive Plan, (iii) each equity security of Roadzen (DE) other than Roadzen (DE) common stock and Roadzen (DE) RSUs (each, a “Roadzen DE Additional Security”) was assumed and converted into the right to receive equity interests that may vest, settle, convert or be exercised into 27.21 Ordinary Shares, (iv) each share of common stock of Merger Sub issued and outstanding immediately prior to the Closing was cancelled, retired and ceased to exist, and (v) each ordinary share of Vahanna (each, “a Vahanna Ordinary Share”) issued and outstanding immediately prior to the Closing and not redeemed in connection with the Redemption (as defined below) remained outstanding and is now one Ordinary Share.

Further, in connection with the consummation of the Business Combination (the “Closing”), Vahanna changed its name to “Roadzen Inc.”. Beginning on September 21, 2023, the Company’s Ordinary Shares and warrants trade on the Nasdaq Global Market and Nasdaq Capital Market under the ticker symbol “RDZN” and “RDZNW” respectively.

The Company determined that Roadzen (DE) was the accounting acquirer in the Business Combination based on an analysis of the criteria outlined in Accounting Standards Codification 805. The determination was primarily based on the following facts:

- Roadzen (DE) stockholders having a controlling voting interest in the Company;

- Roadzen (DE) existing management team serving as the initial management team of the Company.

- Roadzen (DE) management continuing to hold executive management roles for the post-combination company and being responsible for the day-to-day operations, and

- Roadzen. (DE) operations comprising the ongoing operations of the Company.

Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Roadzen (DE) issuing stock for the net assets of Vahanna, accompanied by a recapitalization. The primary assets acquired from Vahanna related to cash amounts and a forward purchase agreement ("FPA") that was assumed at fair value upon closing of the Business Combination. No goodwill or other intangible assets were recorded as a result of the Business Combination.

While Vahanna was the legal acquirer in the Business Combination, because Roadzen (DE) was deemed the accounting acquirer, the historical financial statements of Roadzen (DE) became the historical financial statements of the combined company upon the consummation of the Business Combination. As a result, the financial statements reflect (i) the historical operating results of Roadzen (DE) prior to the Business Combination; (ii) the combined results of Vahanna and Roadzen (DE) following the closing of the Business Combination; (iii) the assets and liabilities of Roadzen (DE) at their historical cost; and (iv) the Company’s equity structure for all periods presented.

In accordance with guidance applicable to these circumstances, the equity structure has been retroactively restated in all comparative periods up to the Closing Date, to reflect the number of Ordinary Shares, issued to Roadzen (DE) common shareholders, Roadzen (DE) convertible preferred shareholders and holders of Vahanna ordinary shares not redeemed in connection with the Redemption,as defined below in Note 3. As such, the shares and corresponding capital amounts and earnings per share related to Roadzen (DE) convertible preferred stock, the common stock of Roadzen (DE) and Vahanna Ordinary Shares not redeemed in connection with the Redemption prior to the Business Combination have been retroactively restated as shares reflecting the exchange ratio established in the Business Combination.

Property and Equipment, Net - Schedule of Property Plant and Equipment, Net (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Total	$ 1,308,109	$ 620,979
Less: accumulated depreciation	(853,520)	(388,486)
Property and equipment, net	454,589	232,493
Computers
Property, Plant and Equipment [Line Items]
Total	660,504	370,516
Office equipment
Property, Plant and Equipment [Line Items]
Total	422,046	153,432
Furniture & fixtures
Property, Plant and Equipment [Line Items]
Total	162,851	69,338
Electrical equipment
Property, Plant and Equipment [Line Items]
Total	30,972	6,312
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total	$ 31,736	$ 21,381

Commitments and Contingencies - Summary of Weighted Average Remaining Lease Terms and Discount Rates (Details)	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term - operating leases	5 years 11 months 4 days
Weighted-average discount rate - operating leases	12.62%

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net (loss)/income	$ (99,669,335)	$ (14,024,268)
Other comprehensive income, net of tax:
Changes in foreign currency translation reserve	(532,936)	70,298
Less: changes in foreign currency translation reserve attributable to non-controlling interest	662	13,165
Other comprehensive income (loss) attributable to Roadzen Inc. ordinary shareholders	(533,598)	57,133
Total comprehensive loss attributable to Roadzen Inc. ordinary shareholders	$ (100,202,933)	$ (13,967,135)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Stock Based Compensation (Tables)

12 Months Ended

Mar. 31, 2024

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Option Value and Assumption



Fair value per share (as of grant date)	$	10.83
Exercise price	$	0
Assumptions:
Volatility		30.82	%
Expected dividends		0.00	%
Expected term (in years)	1.5
Risk free rate		5.24	%

Summary of Restricted Stock Units Activity

        Stock option activity

        As of
March 31,
2024

        Opening unvested units

Granted

9,903,500

Exercised

-

Cancelled

195,572

Closing unvested units

9,707,928

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Non-Marketable Securities - Additional Information (Details)	12 Months Ended
	Mar. 31, 2024 USD ($)
Moonshot - Internet SAS [Member]
Summary of Investment Holdings [Line Items]
Investment at cost	$ 2,410,000
Investment at cost, percentage	6.68%
Impairment loss on investment	$ 2,140,530
Daokang (Beijing) Data Science Company Ltd [Member]
Summary of Investment Holdings [Line Items]
Investment at cost	$ 2,500,030
Investment at cost, percentage	34.50%
Impairment loss on investment	$ 1,254,704

- Definition

Cost of the investment.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480493/946-210-55-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-12

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-12(Column C)(Footnote 8)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-12B(Column C)(Footnote 11)(a)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 6
-Subparagraph (SX 210.12-14(Column F)(Footnote 5)(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 19
-Subparagraph (3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480032/946-320-S99-19

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480493/946-210-55-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (g)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480524/946-210-50-6

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483580/946-220-50-3

+ Details

Other Current Liabilities

12 Months Ended

Mar. 31, 2024

Other Liabilities Disclosure [Abstract]

Other Current Liabilities

12. Other current liabilities

Other current liabilities consist of the following:


	As of March 31, 2024		As of March 31, 2023
Statutory liabilities		1,252,384		1,417,751
Deferred revenue		656,968		108,442
Advances from customers		445,696		52,227
Provision for income tax		-		83,054
Retirement benefits		14,128		3,008
Other payables		862,786		839,411
		3,231,962		2,503,893

Other Payables include consideration payable on acquisition of National Automobile Club amounting $488,000 during the year March 31, 2024.

Derivative Warrant Liabilities - Summary of Obliged to Issue Warrants Shares (Details)	Mar. 31, 2024
180 days
Derivative [Line Items]
Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date	1.00%
210 days
Derivative [Line Items]
Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date	1.17%
240 days
Derivative [Line Items]
Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date	1.33%
270 days
Derivative [Line Items]
Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date	1.50%
300 days
Derivative [Line Items]
Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date	1.67%
330 days
Derivative [Line Items]
Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date	1.83%
360 days
Derivative [Line Items]
Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date	2.50%

Stock Based Compensation - Additional Information (Details)	12 Months Ended
	Mar. 31, 2024 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 56,303,135
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Service vesting period	1 year
Stock-based compensation expense	$ 56,303,135
Unrecognized compensation expense	$ 48,834,353
Unrecognized compensation weighted-average period	6 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stock Based Compensation - Schedule of Stock Option Activity (Details)	12 Months Ended
	Mar. 31, 2024 shares
Share-Based Payment Arrangement [Abstract]
Granted	9,903,500
Cancelled	195,572
Closing unvested units	9,707,928

Pay vs Performance Disclosure - USD ($)	12 Months Ended
Pay vs Performance Disclosure - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (99,669,335)	$ (14,024,268)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Employee Benefit Plans - Schedule of Expected Benefit Plan Payments (Details)	Mar. 31, 2024 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2025	$ 14,192
2026	42,589
2027	60,284
2028	67,591
2029	77,097
2030-2034	463,729
Defined benefit plan expected future benefit payments	$ 725,482

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Increase in valuation allowance	$ 17,429,473	$ 2,515,200
Operating loss carryforwards, Net	$ 85,862,820
Foreign tax credits, expiration	8 years
Unrecognized tax benefits	$ 0

Deconsolidation of Subsidiaries

12 Months Ended

Mar. 31, 2024

Deconsolidation Of Subsidiaries [Abstract]

Deconsolidation of Subsidiaries

22. Deconsolidation of subsidiaries

During the year ended March 31, 2024, the Company ceases to hold board control over Peoplebay Consultancy Services Private Limited , FA Events & Media Private Limited with effect from October 1, 2023 and FA Premium Insurance Private Limited with effect from January 1, 2024 and, as a result, it has neither got board control nor a controlling financial interest in these subsidiaries from the date of deconsolidation. Entire interest in the above mentioned subsidiaries ceases to exist and as on March 31, 2024 there is no retained investment. A gain of $2,098,745 has been recorded as a result of loss of board control in these subsidiaries. None of these subsidiaries will remain as a related party after deconsolidation from their respective loss of control dates.

Details of Ownership interest held in the former subsidiaries:


Name of the entity	Principal Activities	Principal place of business	Ownership interest held
			As at 31 March 2024	As at 31 March 2023
Peoplebay Consultancy Services Private Limited	Engaged in the business of marketing services which includes product launches, road shows for corporate clients	India	0%		100%
FA Events & Media Private Limited	Engaged in the business of marketing services which includes product launches, road shows for corporate clients.	India	0%		100%
FA Premium Insurance Private Limited*	Engaged in the services of broking services	India	0%		0%

* Acquired on July 1, 2023.

Mezzanine Equity - Additional Information (Details) - shares	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Temporary Equity [Line Items]
Redeemable convertible preferred stock, Shares issued		1,465,100
Redeemable convertible preferred stock, Shares outstanding		1,465,100
Ordinary Shares
Temporary Equity [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	41,894,536
Redeemable convertible preferred stock
Temporary Equity [Line Items]
Redeemable convertible preferred stock, Shares issued	1,539,566
Redeemable convertible preferred stock, Shares outstanding	1,539,566
Convertible Preferred Stock
Temporary Equity [Line Items]
Redeemable convertible preferred stock, Shares outstanding	0	39,868,173	947,163

Business Combinations - Additional Information (Details) - USD ($)				12 Months Ended
	Jul. 01, 2023	Jun. 30, 2023	Jun. 06, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Business Acquisition [Line Items]
Business acquisition, aggregate cash consideration payable				$ 488,000	$ 243,036
Business acquisition, cash consideration transferred				5,749,200
Goodwill impairment charge					664,903
Goodwill				2,061,553	996,441	$ 1,725,292
Foreign Exchange Fluctuation
Business Acquisition [Line Items]
Goodwill impairment charge					$ 24,591
Global Insurance Management Limited
Business Acquisition [Line Items]
Business acquisition, effective date		Jun. 30, 2023
Business acquisition, percentage of equity interests acquired		100.00%
Business acquisition, aggregate cash consideration payable		$ 3,998,000
Goodwill		$ 632,126		632,126
National Automobile Club
Business Acquisition [Line Items]
Business acquisition, effective date			Jun. 06, 2023
Business acquisition, percentage of equity interests acquired			100.00%
Business acquisition, aggregate cash consideration payable			$ 2,238,000
Business acquisition, cash consideration transferred				1,750,000
Goodwill			$ 439,517	39,517
FA Premium Insurance Broking Private Limited
Business Acquisition [Line Items]
Business acquisition, effective date	Jul. 01, 2023
Business acquisition, percentage of equity interests acquired	100.00%
Business acquisition, aggregate cash consideration payable	$ 1,279,820
Business acquisition, cash consideration transferred				1,204
Goodwill	$ 404,042			$ 404,042

Employee Benefit Plans - Schedule of Components of Net Defined Benefit Plan Costs (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Defined Benefit Plan [Abstract]
Interest costs	$ 21,664	$ 11,610
Service costs	80,183	124,010
Actuarial (gain) loss	(120,120)	16,627
Net periodic defined benefit pension cost	$ (18,273)	$ 152,247

Deconsolidation of Subsidiaries - Additional Information (Details)	12 Months Ended
	Mar. 31, 2024 USD ($)
Deconsolidation Of Subsidiaries [Abstract]
Gain recorded as result of loss of board control in subsidiaries	$ 2,098,745

Mezzanine Equity (Tables)

12 Months Ended

Mar. 31, 2024

Temporary Equity Disclosure [Abstract]

Summary of Redeemable Convertible Preferred Stock

As of March 31, 2023, the redeemable convertible preferred stock consisted of the following:


	Shares issued and outstanding		Per share original issue price	Aggregate conversion amount		Carrying value
Series A		200,000	0.5		100,000		100,000
Series A1		1,265,100	1.5		1,897,650		48,174,279
		1,465,100			1,997,650		48,274,279

Financial instruments - Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details)	12 Months Ended
	Mar. 31, 2024 USD ($)
Convertible Debentures [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Initial measurement	$ 1,100,000
Change in fair value	274,481
Balance as of March 31,2024	1,374,481
Forward Purchase Agreement [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Initial measurement	46,190,195
Change in fair value	(13,614,569)
Value of shares sold in Forward Purchase Agreement	(3,790,633)
Balance as of March 31,2024	$ 28,784,993

Warrants - Additional Information (Details) - $ / shares	12 Months Ended
	Mar. 31, 2024	Sep. 20, 2023
Public Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants outstanding	10,004,994	10,004,994
Warrants and rights outstanding term	5 years
Class of warrants or rights redemption price per unit	$ 0.01
Minimum notice period to be given to the holders of warrants	30 days
Public Warrants [Member] \| Ordinary Shares
Class of Warrant or Right [Line Items]
Warrants exercisable price	$ 11.5
Number of consecutive trading days for determining the share price	20 days
Share price	$ 18
Number of trading days for determining the share price	30 days
Private Placement Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants outstanding	9,152,087	9,152,087
Private Placement Warrants [Member] \| From The Completion Of The Initial Business Combination [Member]
Class of Warrant or Right [Line Items]
Period after which the warrants are exercisable	30 days

Property and Equipment, Net

12 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

8. Property and equipment, net

The components of property and equipment, net were as follows:


	As of March 31, 2024			As of March 31, 2023
Computers		660,504			370,516
Office equipment		422,046			153,432
Furniture & fixtures		162,851			69,338
Electrical equipment		30,972			6,312
Leasehold improvements		31,736			21,381
Total		1,308,109			620,979
Less: accumulated depreciation		(853,520	)		(388,486	)
Property and equipment, net		454,589			232,493

The Company capitalized $687,130 (net of disposal and CTA impact of $106 and $(1,180), respectively) and $59,568 (net of disposal and CTA impact of $137,230 and $43,496, respectively) for the year ended March 31, 2024 and as of March 31, 2023, respectively out of which $396,123 is related to acquisition of FA Premium Insurance Broking Pvt. Ltd., Global Insurance Management Limited and National Automobile Club. During the year ended March 31, 2024, the Company ceases to hold board control over Peoplebay

Consultancy Services Private Limited, FA Events & Media Private Limited with effect from October 1, 2023 and FA Premium Insurance Private Limited with effect from January 1, 2024, as a result property and equipment worth $73,641 have been derecognized. The Company capitalized $28,008 and $115,383 towards computers for the year March 31, 2024 and March 31, 2023, respectively. Depreciation expense relating to property and equipment amounted to $152,113 and $145,614 for the year March 31, 2024 and for March 31, 2023 respectively out of which $77,422 and $97,996 relate to computer for the year March 31, 2024 and March 31, 2023, respectively.

Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Mar. 31, 2024

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

4. Cash, cash equivalents and restricted cash


	As of March 31, 2024		As of March 31, 2023
Balances with banks
In current accounts		11,183,189		588,347
Cash in hand		2,906		993
		11,186,095		589,340

Restricted cash and cash equivalents (non - current)		378,993		542,490

Reorganization and Description of Business - Additional Information (Details)	12 Months Ended
	Mar. 31, 2024 $ / shares	Mar. 31, 2023 $ / shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value	$ 0.0001	$ 0.0001
Roadzen RSU [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ratio of conversion	27.21
Roadzen. Inc [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Common stock, par value	$ 0.0001
Ordinary Shares
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ratio of conversion	27.21

Business Combinations - Schedule of Purchase Price Allocated to Intangible Assets Acquired (Details) - USD ($)	Jul. 01, 2023	Jun. 30, 2023	Jun. 06, 2023
Global Insurance Management Limited
Business Acquisition [Line Items]
Acquired customer contracts, Amount		$ 1,157,920
Acquired customer contracts, Weighted average life		3 years
National Automobile Club
Business Acquisition [Line Items]
Acquired customer contracts, Amount			$ 870,027
Acquired customer contracts, Weighted average life			3 years
FA Premium Insurance Broking Private Limited \| Distribution network
Business Acquisition [Line Items]
Acquired customer contracts, Amount	$ 814,365
Acquired customer contracts, Weighted average life	3 years
FA Premium Insurance Broking Private Limited \| Customer contracts
Business Acquisition [Line Items]
Acquired customer contracts, Amount	$ 20,345
Acquired customer contracts, Weighted average life	3 years

Commitments and Contingencies - Additional Information (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022
Other Commitments [Line Items]
Temporary equity, shares outstanding		1,465,100
Rent expense for operating leases	$ 260,116
Series A and A1 Preferred Stock [Member]
Other Commitments [Line Items]
Cumulative dividend in respect of preferred stock	$ 477,101
Convertible Preferred Stock [Member]
Other Commitments [Line Items]
Temporary equity, shares outstanding	0	39,868,173	947,163

Borrowings - Schedule of Loans from Banks (Details) - USD ($)	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Debt Instrument [Line Items]
Interest rate	17.50%
Amount outstanding	$ 112,169	$ 307,228
8.75% due on 10-Aug-30
Debt Instrument [Line Items]
Interest rate	8.75%
Maturity date	Aug. 10, 2030
Amount outstanding	$ 112,169

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Intangible Assets, Net - Schedule of Estimated Amortization of the Company's Intangible Assets for Future Periods (Details)	Dec. 31, 2024 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2025	$ 1,606,872
2026	748,473
2027 and thereafter	$ 194,885

Prepayments and Other Current Assets - Schedule of Assumptions Used In Calculating Estimated Fair Value Of Forward Purchase Agreement (Details)	12 Months Ended
	Mar. 31, 2024
Prepaid Expense And Other Assets Current [Line Item]
Remaining term (years)	1 year
Forward Purchase Agreement Asset [Member] \| Volatility
Prepaid Expense And Other Assets Current [Line Item]
Fair value of forward purchase agreement asset	62.65
Forward Purchase Agreement Asset [Member] \| Risk-free rate
Prepaid Expense And Other Assets Current [Line Item]
Fair value of forward purchase agreement asset	4.21
Forward Purchase Agreement Asset [Member] \| Dividend yield
Prepaid Expense And Other Assets Current [Line Item]
Fair value of forward purchase agreement asset	0
Forward Purchase Agreement Asset [Member] \| Strike price
Prepaid Expense And Other Assets Current [Line Item]
Fair value of forward purchase agreement asset	10.77

Sum Due to Insurer

12 Months Ended

Mar. 31, 2024

Sum Due To Insurer [Abstract]

Sum Due to Insurer

24. Sum due to insurer

Represents the net amounts of premium due to insurer based on the respective contract with each insurer. The net amount due is equal to the gross written premium less the Company’s commission for policies that have reached their effective date. Sum due to insurer includes $ 8,918,849 as of March 31, 2024, which represents funds from the insurer to meet working capital requirements/ contingencies arising out of claim settlement.

Employee Benefit Plans (Tables)

12 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Schedule of Amounts Recognized in Financial Statements Based on Actuarial Valuations


Change in benefit obligation	As of March 31, 2024			As of March 31, 2023
Projected benefit obligation at the beginning of the year		297,309			163,744
Interest costs		21,664			11,610
Service costs		80,183			124,010
Actuarial (gain) loss		(120,120	)		16,627
Benefits paid		(10,358	)		—
Effect of exchange rate changes		(4,151	)		(18,682	)
Projected benefit obligation at the end of the year		264,527			297,309

Schedule of Amounts Recognized in the Consolidated Balance Sheets


Amounts recognized in the Consolidated Balance Sheets consist of
Current liabilities (recorded under accrued expenses and other current liabilities)	14,128	3,008
Non-current liabilities (recorded under other liabilities)	250,399	294,301
Unfunded amount recognized	—	—
	264,527	297,309

Schedule of Components of Net Defined Benefit Plan Costs


Net defined benefit plan costs include the following components for:
	As of March 31, 2024			As of March 31, 2023
Interest costs		21,664			11,610
Service costs		80,183			124,010
Actuarial (gain) loss		(120,120	)		16,627
Total		(18,273	)		152,247

Summary of Principal Assumptions Used in Determining Gratuity


The principal assumptions used in determining gratuity for the Company’s plans are shown below:
	As of March 31, 2024		As of March 31, 2023
Discount rate	7.39%		7.39%
Rate of increase in compensation per annum	10.00%		10.00%
Retirement age (in years)		60		60

Schedule of Expected Benefit Plan Payments


The expected benefit plan payments set forth below reflect expected future service:
Year ending March 31	Amounts
2025		14,192
2026		42,589
2027		60,284
2028		67,591
2029		77,097
2030-2034		463,729
		725,482

Net Loss Per Share - Schedule of Potential Ordinary Shares Equivalents Excluded From the Computation of Diluted Net Loss Per Share (Details) - shares	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	30,095,640	1,125,376
Share warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	20,363,067
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	9,707,928
Convertible instruments
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	24,645
Preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		1,125,376

Summary of Significant Accounting Policies

12 Months Ended

Mar. 31, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of significant accounting policies

a) Basis of presentation and consolidation

b) Liquidity and going concern

The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern.

c) Use of estimates

d) Revenue

Revenues consist primarily of revenue from:

- Insurance policy distribution in the form of commissions, brokerage, underwriting and other fees; and

- Insurance support services comprised of pre-inspection and risk assessment, roadside assistance, extended warranty, and claim processing using the Company’s IaaS platform.

Income from distribution of Insurance policies

Insurance policy distribution and brokerage income:

Distribution fee from underwriting and pricing

IaaS platform enabled services:

Roadside assistance and extended warranty income:

Inspection Income:

Administration fee from Insurance support and service plan administration

Contract assets and liabilities

e) Cost of services

The cost of services for the Company's distribution business includes commissions paid to the channel partners, cost of employees and other direct expenses related to facilities.

Cost of services are recognized as they are incurred.

f) Cash and cash equivalents

g) Restricted cash and cash equivalents


	As of March 31, 2024		As of March 31, 2023
Cash and cash equivalents		11,186,095		589,340
Restricted cash and cash equivalents—current		-		-
Restricted cash and cash equivalents—non-current		378,993		542,490

h) Concentration of credit risk

i) Accounts receivable, net

j) Property and equipment


Assets	Useful lives (years)
Office and electrical equipment	3-5 years
Computers	3 years
Furniture and fixtures	10 years

Leasehold improvements related to office facilities are depreciated over the shorter of the lease term or the estimated useful life of the improvement.

The Company reviews property and equipment for impairment when events or circumstances indicate the carrying amount may not be recoverable.

k) Intangible assets, net (including Intangibles under development)

Internal-use software is amortized on a straight-line basis over its estimated useful life, which is generally three years and up to five.

l) Leases

m) Fair value measurements and financial instruments

Level 1 inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

n) Business combination

Goodwill

o) Foreign currency

p) Employee benefit plans

q) Inventories

Inventories are stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out method (FIFO) for all inventories.

r) Income taxes

s) Income/loss per share attributable to ordinary shareholders

t) Investments

Equity securities

u) Commitments and contingencies

v) Expenses

Set forth below is a brief description of the components of the Company’s expenses:

i. Sales, Marketing and Business development expense

ii. General and administrative expenses

iii. Research and Development expense

w) Recently issued accounting pronouncements and not yet adopted.

ii.

year of adoption. The Company is currently evaluating the impact of this accounting standard update on its consolidated financial statements.

iii.

iv.

x) Recent Accounting Pronouncements - Accounting Standards Adopted

Other Long-Term Liabilities (Tables)

12 Months Ended

Mar. 31, 2024

Other Liabilities Disclosure [Abstract]

Summary of Other Long-Term Liabilities


	As of March 31, 2024		As of March 31, 2023
Retirement benefits		250,399		294,301
Deferred tax liability		263,665		—
Deferred revenue		727,853		—
		1,241,917		294,301

Non-Marketable Securities

12 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Non-Marketable Securities

7. Non-marketable securities

a) Moonshot - Internet SAS ("Moonshot")

Roadzen (DE) invested $2,410,000 representing 6.68% equity stake in Moonshot - Internet SAS, a simplified Joint Stock Company existing under the laws of France, which is a subsidiary of Societe Generale. Moonshot is an Insurtech company, registered as an insurance broker, which specializes in usage-based insurance products and services dedicated to E-Commerce. Roadzen (DE) has a representative on the board of directors of Moonshot, however the investment of 6.68% does not give Roadzen (DE) the ability to significantly influence the operating and financial policies of Moonshot, since majority ownership of Moonshot is concentrated with a single shareholder. Therefore, Roadzen (DE) uses the measurement alternative for equity investments without readily determinable fair values for its investment in Moonshot. The Company carries this investment at cost, less impairment.

b) Daokang (Beijing) Data Science Company Ltd. ('Daokang')

Roadzen (DE) entered into a joint venture contract with WI Harper VIII LLP and Shangrao Langtai Daokang Information Technology Co. Ltd. and invested an amount of $2,500,030 (representing a 34.5% of equity interest) of Daokang. Despite its significant equity interest in Daokang, Roadzen (DE) has attempted but has not been able to obtain adequate financial information as per USGAAP to apply equity method. Predecessor Roadzen, therefore, was unable to exercise significant influence over the operating and financial policies of Daokang. Accordingly, Roadzen (DE) used the measurement alternative for equity investments without readily determinable fair values for its investment in Daokang. The Company carries this investment at cost, less impairment.

The Company evaluates its non-marketable equity securities for impairment in each reporting period based on a qualitative assessment that considers various potential impairment indicators. This evaluation consists of several factors including, but not limited to, an assessment of significant adverse change in the economic environment, significant adverse changes in the general market condition of the geographies and industries in which our investees operate, and other available financial information as per the local reporting requirements applicable to the relevant jurisdictions that affects the value of our non-marketable equity securities. Based on such assessment, the Company has created an impairment of $2,140,530 for Moonshot - Internet SAS and $1,254,704 for Daokang (Beijing) Data Science Company Ltd.