Mezzanine Equity

6 Months Ended

Sep. 30, 2023

Temporary Equity Disclosure [Abstract]

Mezzanine Equity

15.Mezzanine equity

As discussed in Note 1, the Company has retroactively adjusted the Predecessor Roadzen shares issued and outstanding prior to the Business Combination to give effect to the conversion ratio to determine the number of shares of common stock into which the convertible preferred stock of Predecessor Roadzen 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 were converted into 41,894,536 shares of Class A common stock at the conversion ratio.

As of September 30, 2023, no shares of convertible preferred stock were outstanding.