XML 59 R50.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Other Current Liabilities (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2023 | Mar. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Schedule of Other Current Liabilities | Other current liabilities consist of the following:
|  | As of December 31, 2023 |  |  | As of March 31, 2023 |
Statutory liabilities |  |  | 1,499,260 |  |  |  | 1,417,751 |
Deferred revenue |  |  | 1,423,827 |  |  |  | 108,442 |
Advances from customers |  |  | 188,383 |  |  |  | 52,227 |
Provision for income tax |  |  | 83,079 |  |  |  | 83,054 |
Retirement benefits |  |  | 3,008 |  |  |  | 3,008 |
Other payables |  |  | 5,539,707 |  |  |  | 839,411 |
|  |  | 8,737,264 |  |  |  | 2,503,893 |
| Other current liabilities consist of the following:
|  | As of March 31, 2023 |  |  | As of March 31, 2022 |
Statutory liabilities |  |  | 1,417,751 |  |  |  | 658,834 |
Deferred revenue |  |  | 108,442 |  |  |  | 292,031 |
Advance from customers |  |  | 52,227 |  |  |  | — |
Provision for income tax |  |  | 83,054 |  |  |  | 137,862 |
Retirements benefits |  |  | 3,008 |  |  |  | 4,706 |
Other payables |  |  | 839,411 |  |  |  | 1,032,636 |
|  |  | 2,503,893 |  |  |  | 2,126,069 |
Summary Of Obliged To Issue Warrants Shares | As per the agreement entered into, if the principal and interest payments are not made as per the repayment schedule, the Company is obliged to issue warrants in the following sequence:
Milestone (days past due) |  | Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date |
180 days |  |  | 1.00 | %
210 days |  |  | 1.17 | %
240 days |  |  | 1.33 | %
270 days |  |  | 1.50 | %
300 days |  |  | 1.67 | %
330 days |  |  | 1.83 | %
360 days |  |  | 2.50 | %
Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due | Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of December 31, 2023 is as follows:
Volatility |  |  | 62.80 | %
Risk-free rate |  |  | 3.88 | %
Dividend yield |  |  | 0.00 | %
Strike price |  |  | 10.77 |
Remaining term (years) |  | 1.25 years |
Warrants |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due | A comparison of the assumptions used in calculating estimated fair value of warrants due as of December 31, 2023 is as follows:
Closing price |  | $ | 5.09 |
Risk Free rate |  |  | 3.87 | %
Dividend Yield |  |  | — | %
Volatility |  |  | 41.55 | %
Expected Life of the option |  | 5 years |

X
- Definition Summary of obliged to issue warrants shares. + References No definition available. + Details
Name: | rdzn_SummaryOfObligedToIssueWarrantsSharesTableTextBlock
Namespace Prefix: | rdzn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of other current liabilities. + References No definition available. + Details
Name: | us-gaap_OtherCurrentLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_WarrantMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |