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Razorpay Grants ₹1 Lakh ESOPs to Employees on Its 10-Year Anniversary

• ByStartupStory     |    December 25, 2024

In a move to celebrate its 10th anniversary, digital payments company Razorpay has announced Employee Stock Ownership Plans (ESOPs) worth ₹1 lakh for all its current employees. The initiative, which exceeds a total valuation of ₹30 crore, will benefit over 3,000 employees across the company’s workforce.

Bengaluru-based Razorpay, which has grown into a prominent unicorn in the fintech space, introduced this initiative as a gesture of gratitude and to foster a sense of shared success.

“While we’re proud and humbled by how far we’ve come, this 10-year milestone is only the beginning of a much larger journey that lies ahead. The ESOP initiative is our way of ensuring every teammate shares in the success as we continue to innovate, simplify money movement, and create even greater value for businesses in India and beyond,” said Harshil Mathur, Co-founder & CEO of Razorpay.

Highlighting the company’s long-term approach, Shashank Kumar, Co-founder & MD of Razorpay, added, “Razorpay was never about short-term wins but about building something meaningful over the long term. It reinforced a simple principle: do what adds value to our customers and avoid distractions like chasing trends or short-term optimizations for valuation.”

“This mindset became the foundation of our culture—and it is this culture of long-term thinking and value creation that drives us to recognize and reward our team’s hard work through initiatives like granting ESOPs to all employees,” Kumar further noted.

Razorpay has previously demonstrated its commitment to rewarding employees through an ESOP buyback campaign conducted in 2022. The initiative, valued at USD 75 million, benefited around 650 current and former employees.

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