Mezzanine Equity

9 Months Ended

Dec. 31, 2023

Temporary Equity Disclosure [Abstract]

Mezzanine Equity

15. Mezzanine equity

The Company has retroactively adjusted the 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 Ordinary Shares of the Parent Company at the conversion ratio.

As of December 31, 2023, no shares of convertible preferred stock of Roadzen (DE) were outstanding.