Razorpay rewards 3,000 Employees with 
1 lakh ESOPs on its 10-Year milestone!
In celebration of its ten years in business, digital payments and banking solutions unicorn Razorpay has given all of its current staff members ESOPs valued at 
1 lakh.
This is the most recent in the company's run of ESOP programs, which began with its first buyback in 2018 and permitted 140 employees to sell their vested shares. Up until now, 650 current and former employees have benefited from buybacks totaling $75 million.
The company, which serves more than 300 million end users in India, has an annualized Total Payment Volume (TPV) of $180 billion.
In an effort to support the upcoming generation of B2B innovators, Razorpay announced last month that the Razorpay Venture Investment Program had launched.
Razorpay was last valued at about $7.5 billion, having raised over $800 million in funding rounds. For its Payment Gateway (PG) business, the company reported a 24% YoY revenue increase to 2,068 crore in FY24. During that same period, the company's profit after taxes increased by almost five times.
Harshil Mathur, co-founder and CEO of Razorpay, said, "The ESOP initiative is our way of ensuring every teammate share in the success as we continue to innovate, simplify money movement, and create greater value for businesses in India and beyond."
The initiative, according to co-founder and managing director Shashank Kumar, reflects Razorpay's long-standing culture of value creation and appreciation of team member’s contributions.
ESOPs have long been used by Razorpay as a means of rewarding and incentivizing staff members. A larger $75 million buyback in 2022 benefited 650 current and former employees, while the company's first ESOP buyback in 2018 allowed 140 employees to liquidate their vested shares.
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