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Consolidated Statement of Mezzanine Equity and Shareholders' Deficit - USD ($)
Total
Convertible Preferred Stock [Member]
Previously Reported [Member]
Previously Reported [Member]
Convertible Preferred Stock [Member]
Revision of Prior Period, Adjustment [Member]
Convertible Preferred Stock [Member]
Ordinary Stock and Additional Paid In Capital [Member]
Ordinary Stock and Additional Paid In Capital [Member]
Previously Reported [Member]
Ordinary Stock and Additional Paid In Capital [Member]
Revision of Prior Period, Adjustment [Member]
Accumulated Deficit [Member]
Accumulated Deficit [Member]
Previously Reported [Member]
Debenture Redemption Reserve [Member]
Debenture Redemption Reserve [Member]
Previously Reported [Member]
Stock Based Compensation [Member]
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Loss [Member]
Previously Reported [Member]
Mezzanine equity, beginning balance at Mar. 31, 2022   $ 23,696,228                          
Mezzanine equity, beginning balance (in shares) at Mar. 31, 2022   947,163                          
Beginning balance at Mar. 31, 2022 $ (36,878,068)         $ 303,213     $ (37,057,245)         $ (124,036)  
Beginning Balance (in shares) at Mar. 31, 2022           606,425                  
Issuance of convertible preferred stock on conversion of convertible notes   $ 24,006,892                          
Issuance of convertible preferred stock on conversion of convertible notes, Shares   514,028                          
Issuance of Series A1 stock during the period through rights issue   $ 458,000                          
Issuance of Series A1 stock during the period through rights issue, Shares   2,956                          
Exercise of preferred share warrants   953                          
Exercise of preferred share warrants, Shares   $ 113,159                          
Net profit attributable to ordinary shareholders (14,024,268)               (14,024,268)            
Impact of issuance/repayment of debenture                 (366,786)   $ 366,786        
Other comprehensive income 57,133                         57,133  
Mezzanine equity, ending balance at Mar. 31, 2023 $ 48,274,279 $ 48,274,279   $ 48,274,279                      
Mezzanine equity, ending balance (in shares) at Mar. 31, 2023 1,465,100 39,868,173   1,465,100 38,403,073                    
Ending Balance (in shares) at Mar. 31, 2023           16,501,984 606,425 15,895,559              
Ending Balance at Mar. 31, 2023 $ (50,845,203)   $ (50,845,203)     $ 303,213 $ 303,213   (51,448,299) $ (51,448,299) 366,786 $ 366,786   (66,903) $ (66,903)
Issuance of Series A1 stock during the period through rights issue [1]   $ 8,879,409                          
Issuance of Series A1 stock during the period through rights issue, Shares [1]   1,558,916                          
Issuance of Series A1 stock during the period through conversion of loan [1]   $ 2,662,590                          
Issuance of Series A1 stock during the period through conversion of loan, Shares [1]   467,446                          
Net profit attributable to ordinary shareholders (99,669,335)               (99,669,335)            
Movement attributable to stock based Compensation Reserve                         $ 56,303,135    
Impact of issuance/repayment of debenture                 109,215   (109,215)        
Other comprehensive income (533,598)                         (533,598)  
Conversion of redeemable convertible preferred stock into ordinary shares upon Business Combination   $ (59,816,278)                          
Conversion of redeemable convertible preferred stock into ordinary shares upon Business Combination, shares   (41,894,535)                          
Conversion of redeemable convertible preferred stock into ordinary shares upon Business Combination 59,816,278         $ 59,816,278                  
Conversion of redeemable convertible preferred stock into ordinary stock upon Business Combination, Shares           41,894,536                  
Issuance of ordinary shares upon Business Combination $ 24,854,887         $ 24,854,887                  
Issuance of ordinary shares upon Business Combination, Shares           10,044,309                  
Mezzanine equity, ending balance (in shares) at Mar. 31, 2024   0                          
Ending Balance (in shares) at Mar. 31, 2024 2,145,991 1,539,566       68,440,829                  
Ending Balance at Mar. 31, 2024 $ (10,073,836)         $ 84,974,378     $ (151,008,419)   $ 257,571   $ 56,303,135 $ (600,501)  
[1]

*Issuance of shares through rights issue and conversion of loan made by Roadzen (DE) was converted at a conversion ratio of 1 share of common stock issued against 1 share of preferred stock and subsequently, these shares of common stock were converted at a conversion ratio of 27.21 shares for each share of Ordinary Shares of the company and these have been restated to give effect to the Business Combination.