Prepayments and Other Current Assets (Tables)

6 Months Ended

Sep. 30, 2023

Prepaid Expense and Other Assets, Current [Abstract]

Schedule of Prepayments and Other Current Assets

	As of September 30, 2023		As of March 31, 2023
Balance with statutory authorities		1,482,433		1,189,787
Unbilled revenue		3,803,937		868,382
Advances given (net of doubtful advances of $228,750 as of September 30, 2023 and $225,495 as of March 31, 2023)		3,159,980		922,380
Other receivables		2,925,633		126,928
Prepayments		421,269		22,091
Forward purchase agreement		22,600,195		—
Deposits		74,728		52,368
		34,468,175		3,181,936

i) Advances given include:

a)$2,603,479 and $826,057 of advance to suppliers as of September 30, 2023 and March 31, 2023, respectively.

b)$98,387 and $55,753 of advance to employees as of September 30, 2023 and March 31, 2023, respectively. Advance to employees include related party balances of $9,819 and $28,516 as of September 30, 2023 and as of March 31, 2023.

ii) 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”) for OTC Equity Prepaid Forward Transactions. Vahanna is referred to as the “Counterparty” prior to the consummation of the Business Combination, while RDZN 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 September 30, 2023 is as follows:

Volatility		62.20	%
Risk-free rate		4.40	%
Dividend yield		0.00	%
Strike price	10.77
Remaining term (years)	1.5 years