Roadzen Inc
For the period ended Mar 31, 2024. Filed Jul 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jul 1, 2024
RDZN$1.17-0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheet
Condensed Consolidated Statements of Balance Sheets
| Particulars | As of March 31,2024 | As of March 31,2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 11,186,095 | 589,340 |
| Accounts receivable, net | 3,652,380 | 1,535,985 |
| Inventories | 70,667 | 59,897 |
| Prepayments and other current assets | 34,426,335 | 3,181,936 |
| Investments | 507,094 | - |
| Total current assets | 49,842,571 | 5,367,158 |
| Restricted cash | 378,993 | 542,490 |
| Non marketable securities | 1,514,796 | 4,910,030 |
| Property and equipment, net | 454,589 | 232,493 |
| Goodwill | 2,061,553 | 996,441 |
| Operating lease right-of-use assets | 822,327 | 545,988 |
| Intangible assets, net | 2,989,604 | 2,469,158 |
| Other long-term assets | 71,913 | 117,484 |
| Total assets | 58,136,346 | 15,181,242 |
| Liabilities, mezzanine equity and stockholders' deficit | ||
| Current liabilities | ||
| Current portion of long-term borrowings | 2,228,471 | 2,852,528 |
| Short-term borrowings | 15,754,829 | 4,875,801 |
| Due to insurer | 8,918,849 | — |
| Accounts payable and accrued expenses | 29,573,638 | 6,241,066 |
| Derivative warrant liabilities | 5,585,955 | — |
| Short-term operating lease liabilities | 358,802 | 208,697 |
| Other current liabilities | 3,231,962 | 2,503,893 |
| Total current liabilities | 65,652,506 | 16,681,985 |
| Long-term borrowings | 1,472,933 | 653,269 |
| Long-term operating lease liabilities | 268,856 | 360,306 |
| Other long-term liabilities | 1,241,917 | 294,301 |
| Total liabilities | 68,636,212 | 17,989,861 |
| Commitments and contingencies (refer note 26) | ||
| Mezzanine equity | ||
| None authorized or issued as of March 31, 2024; Series A and A1 preferred stock and additional paid in capital, $0.0001 par value per share, 81,635,738 shares authorized (Series A 5,442,383 and Series A1 76,193,356); 39,868,173 shares issued and outstanding as on March 31, 2023. | — | 48,274,279 |
| Shareholders' deficit | ||
| Preference shares, $0.0001 par value per share, 60,000,000 shares authorized and none issued as of March 31, 2024 and none authorized or issued as of March 31, 2023 | — | — |
| Ordinary Shares and additional paid in capital, $0.0001 par value per share, 220,000,000 shares authorized as of March 31 2024 and $0.0001 par value per share, 108,840,000 shares authorized as of March 31, 2023; 68,440,829 shares and 16,501,984 shares issued and outstanding as of March 31, 2024 and March 31, 2023 respectively | 84,974,378 | 303,213 |
| Accumulated deficit | (151,008,419) | (51,448,299) |
| Accumulated other comprehensive income/(loss) | (600,501) | (66,903) |
| Other components of equity | 56,560,706 | 366,786 |
| Total shareholders’ deficit | (10,073,836) | (50,845,203) |
| Non-controlling interest | (426,030) | (237,695) |
| Total deficit | (10,499,866) | (51,082,898) |
| Total liabilities, Mezzanine equity and Shareholders’ deficit, Non-controlling interest | 58,136,346 | 15,181,242 |
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