XML 28 R19.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Accounts Payable and Accrued Expenses
9 Months Ended 12 Months Ended
Dec. 31, 2023
Mar. 31, 2023
Payables and Accruals [Abstract]    
Accounts Payable and Accrued Expenses
11.
Accounts payable and accrued expenses

 

 

As of
December 31,
2023

 

 

As of
March 31,
2023

 

Accounts payable

 

 

24,313,674

 

 

 

2,008,731

 

Accrued expenses

 

 

5,240,132

 

 

 

3,575,445

 

Amounts due to employees

 

 

1,029,049

 

 

 

656,890

 

 

 

30,582,855

 

 

 

6,241,066

 

 

1)
As the accounting acquirer, Roadzen (DE) 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 parties balance of $91,879 and $45,162 as of December 31, 2023 and as of March 31, 2023, respectively.
9.
Accounts payable and accrued expenses

 

 

As of
March 31,
2023

 

 

As of
March 31,
2022

 

Accounts payable

 

 

2,008,731

 

 

 

1,531,713

 

Accrued expenses

 

 

3,575,445

 

 

 

1,109,314

 

Amounts due to employees

 

 

656,890

 

 

 

284,637

 

 

 

6,241,066

 

 

 

2,925,664

 

 

1)
Accounts payable consists of related party balance of USD NIL and $5,199 as of March 31, 2023 and 2022, respectively.
2)
Amount due to employees consists of reimbursements and salary payable. The total includes related party balance of $45,162 and $3,759 as of March 31, 2023 and 2022, respectively.