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Accounts Payable and Accrued Expenses
 6 Months Ended
Sep. 30, 2023
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses
11.
Accounts payable and accrued expenses

 

 

 

 

 

 

As of
September 30,
2023

 

 

As of
March 31,
2023

 

Accounts payable

 

 

 

 

 

19,408,430

 

 

 

2,008,731

 

Accrued expenses

 

 

 

 

 

10,482,823

 

 

 

3,575,445

 

Amounts due to employees

 

 

 

 

 

693,176

 

 

 

656,890

 

 

 

 

 

 

 

30,584,429

 

 

 

6,241,066

 

 

1)
As the accounting acquirer, Predecessor Roadzen is deemed to have assumed certain accounts payables obtained in connection with the Business Combination amounting to $17,630,434 due to transaction costs in consummating the Business Combination.
2)
Amount due to employees consists of reimbursements and salaries payable. The total includes related party balances of $78,750 and $45,162 as of September 30, 2023 and as of March 31, 2023 respectively.