Accounts Payable and Accrued Expenses

12 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

11. Accounts payable and accrued expenses

	As of  March 31, 2024		As of March 31, 2023
Accounts payable		22,795,847		2,008,731
Accrued expenses		5,916,896		3,575,445
Amounts due to employees		860,895		656,890
		29,573,638		6,241,066

1) As the accounting acquirer, Roadzen (DE) is deemed to have assumed certain accounts payables which was obtained in connection with Business Combination amounting to $ 17,422,094 due to transaction costs in consummating the Business Combination. Accounts payable consists related party balance of $5,979 and USD NIL as of March 31, 2024 and March 31, 2023 respectively. Accrued expenses included the amount of USD 0.57 million on account of interest due but not paid.

2) Amount due to employees consists of reimbursements and salaries payable. The total includes related parties balance of $95,971 and $45,162 as of March 31, 2024 and as of March 31, 2023, respectively.