Net Loss Per Share

9 Months Ended

12 Months Ended

Dec. 31, 2023

Mar. 31, 2023

24.

Net loss per share

Basic net loss per share attributable to ordinary shareholders is computed by dividing the net loss by the number of weighted-average outstanding Ordinary Shares. Diluted net loss per share attributable to ordinary shareholders is determined by giving effect to all potential common equivalents during the reporting period, unless including them yields an antidilutive result. The Company considers its preferred stocks, convertible notes and share warrants as potential common equivalents, but excluded them from the computation of diluted net loss per share attributable to ordinary shareholders in the periods presented, as their effect was antidilutive.

The following table sets forth the computation of basic net loss per share attributable to ordinary shareholders and preferred stock holders:


Particulars	For the three months ended December 31, 2023			For the three months ended December 31, 2022		For the nine months ended December 31, 2023			For the nine months ended December 31, 2022
Numerator:
Net loss		(30,569,619	)		477,429		(65,690,663	)		(9,529,872	)
Less: dividend attributable to preferred stockholders for the current year		—			27,742		—			53,956
Net loss attributable to Roadzen Inc. ordinary shareholders		(30,569,619	)		449,687		(65,690,663	)		(9,583,828	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted		68,440,829			16,501,984		36,144,311			16,501,984
Net loss per share attributable to Roadzen Inc. ordinary shareholders - basic and diluted		(0.45	)		0.03		(1.82	)		(0.58	)

The following table summarizes the number of potential Ordinary Shares equivalents that were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented:


Particulars	For the nine months ended December 31, 2023		For the nine months ended December 31, 2022
Share warrants		20,211,506		51,893
Restricted stock units		9,903,480		—
Convertible instruments		7,012		10,524,888
Preferred stock		—		28,468,541
Total		30,121,998		39,045,322

20.

Net loss per share

Basic net loss per share attributable to common stockholders is computed by dividing the net loss by the number of weighted-average outstanding common shares. Diluted net loss per share attributable to common stockholders is determined by giving effect to all potential common equivalents during the reporting period, unless including them yields an antidilutive result. The Company considers its preferred stock, convertible notes and share warrants as potential common equivalents, but excluded them from the computation of diluted net loss per share attributable to common stockholders in the periods presented, as their effect was antidilutive.

The following table sets forth the computation of basic net loss per share attributable to common stockholders and preferred stockholders:


Particulars	For the year ended March 31, 2023			For the year ended March 31, 2022
Numerator:
Net Loss		(14,024,268	)		(9,741,832	)
Less: dividend attributable to preferred stockholders for the current year		119,216			90,700
Net loss attributable to Roadzen, Inc. common stockholders		(14,143,484	)		(9,832,532	)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Roadzen, Inc. common stockholders - basic and diluted		606,425			606,425
Net loss per share attributable to Roadzen, Inc. common stockholders - basic and diluted		(23.32	)		(16.21	)

The following table summarizes the number of potential common stock equivalents that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented:


Particulars	For the year ended March 31, 2023		For the year ended March 31, 2022
Share warrants		—		83,382
Convertible notes		—		523,654
Preferred stock		1,125,376		888,786
Total		1,125,376		1,495,822