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
Statements of Cash Flows
Condensed Consolidated Statements of Cash Flow
(in $)
| For the year ended March 31, | ||
|---|---|---|
| Particulars | 2024 | 2023 |
| Cash flows from operating activities | ||
| Net loss including non controlling interest | (99,859,078) | (14,201,151) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,185,858 | 1,624,208 |
| Stock based compensation | 56,303,135 | - |
| Deferred income taxes | (86,020) | (131,378) |
| Unrealised foreign exchange loss/(profit) | (459,190) | 9,184 |
| Fair value losses in financial instruments carried at fair value | 19,475,005 | 1,009,374 |
| Gain on deconsolidation of subsidiaries | (2,098,745) | - |
| Gain on fair valuation of investments | (1,812) | - |
| Impairment of investment | 3,395,234 | - |
| Gain on sale of property and equipment | - | (625) |
| Expected credit loss (net of reversal) | 293,853 | - |
| Provision on doubtful advances and receivables | 4,877,222 | - |
| Lease equalisation reserve | - | (9,675) |
| Impairment loss | - | 919,517 |
| Balances written off/(back) | (51,513) | 7,164 |
| Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions: | ||
| Inventories | (11,688) | (9,352) |
| Income taxes, net | (64,243) | (55,766) |
| Accounts receivables, net | 5,865,550 | (943,470) |
| Prepayments and other assets | (23,861,458) | (529,692) |
| Accounts payable and accrued expenses and other current liabilities | 19,344,448 | 4,193,439 |
| Other liabilities | (674,090) | 571,519 |
| Net cash used in operating activities | (15,427,532) | (7,546,704) |
| Cash flows from investing activities | ||
| Purchase of property and equipment, intangible assets and goodwill | (455,924) | (842,045) |
| Proceeds from sale of property, plant and equipment | - | 686 |
| Acquisition of businesses | (5,749,200) | - |
| Investment in mutual funds | (500,000) | - |
| Net cash used in investing activities | (6,705,124) | (841,359) |
| Cash flows from financing activities | ||
| Proceeds from business combination | 26,824 | - |
| Proceeds from issue of preferred stock | 6,079,409 | 458,000 |
| Proceeds from exercise of preferred share warrants | - | 9,996 |
| Proceeds from long-term borrowings | 2,438,014 | 4,107,029 |
| Repayments of long-term borrowings | (11,684) | (612,645) |
| Net proceeds/(payments) from short-term borrowings | 13,039,186 | 4,398,343 |
| Net cash generated from financing activities | 21,571,749 | 8,360,723 |
| Effect of exchange rate changes on cash and cash equivalents | (244,444) | 72,752 |
| Net (decrease)/increase in cash and cash equivalents (including restricted cash) | (805,351) | 45,412 |
| Cash acquired in business combination | 11,238,609 | - |
| Cash and cash equivalents at the beginning of the period (including restricted cash) | 1,131,830 | 1,086,418 |
| Cash and cash equivalents at the end of the period (including restricted cash) | 11,565,088 | 1,131,830 |
| Reconciliation of cash and cash equivalents | ||
| Cash and cash equivalents | 11,186,095 | 589,340 |
| Restricted cash | 378,993 | 542,490 |
| Total cash and cash equivalents | 11,565,088 | 1,131,830 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest, net of amounts capitalized | 623,525 | 457,177 |
| Cash paid for income taxes, net of refunds | - | 141,228 |
| Non-cash investing and financing activities | ||
| Exercise of warrant for issuance of convertible preferred stock | - | 103,159 |
| Convertible preferred stock issued on conversion of convertible notes | - | 24,006,892 |
| Consideration payable in connection with acquisitions | 488,000 | 243,036 |
| Interest accrued on borrowings | 451,323 | 257,188 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.