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Accounts Payable and Accrued Expenses
 3 Months Ended
Jun. 30, 2024
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

10. Accounts payable and accrued expenses

 

 

 

 

 

 

As of
 June 30,
2024

 

 

As of
March 31,
2024

 

Accounts payable

 

 

 

 

 

23,198,115

 

 

 

22,795,847

 

Accrued expenses

 

 

 

 

 

7,404,481

 

 

 

5,916,896

 

Amounts due to employees

 

 

 

 

 

942,775

 

 

 

860,895

 

 

 

 

 

 

31,545,371

 

 

 

29,573,638

 

 

1)
As the accounting acquirer, Roadzen (DE) has assumed certain accounts payables obtained in connection with Business Combination amounting to $16,901,489 and $17,422,094 as of 30 June, 2024 and March 31, 2024 respectively. Accrued expenses included the amount of $0.79 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 $42,635 and $95,971 as of June 30, 2024 and as of March 31, 2024, respectively.