Razorpay grants ESOPs worth Rs 1 lakh to all current employees

Digital payments and banking solutions unicorn Razorpay has extended ESOPs worth Rs 1 lakh to all current employees, marking its 10-year journey.

This is the latest in a series of ESOP initiatives by the company, from its first buyback in 2018, which allowed 140 employees to liquidate their vested shares, to a $75 million buyback in 2022 benefiting 650 current and former employees.

Serving over 300 million end consumers across India, the company boasts an annualised Total Payment Volume (TPV) of $180 billion,.

Last month, Razorpay announced the launch of the Razorpay Venture Investment Program to empower the next generation of B2B innovators.

Razorpay has secured over $800 million through various funding rounds and was last valued at approximately $7.5 billion. The firm reported a 24% year-on-year (YoY) revenue increase for its Payment Gateway (PG) business to Rs 2,068 crore in FY24. Notably, the firm’s profit after tax surged nearly 5X during the same period.