10 Years of Razorpay: Every Employee Gets a Slice with New ESOPs Plan

Razorpay, a full stack payments and banking platform, has announced that it is extending ESOPs worth ₹ 1 lakh to each of its current employees, numbering at over 3,000. 

This ESOP gesture underscores the fintech major’s gratitude for the relentless passion and contributions that have shaped Razorpay’s remarkable journey over the past 10 years. 

• Also read: Razorpay launches venture investment program to support early-stage B2B startups

Razorpay was founded in 2014 and over the past decade, the company has grown exponentially, setting new benchmarks in the fintech industry. Today, it supports millions of businesses and has reached more than 300 million end consumers across India. 

With an annualized Total Payment Volume (TPV) of $180 billion, Razorpay has firmly established itself as the market leader in digital payment processing and launched more than 40 products every year, driving innovation and scaling new heights. 

Today, the fintech major powers payments for 80 of India’s 100 unicorns.

• Also read: Rupee falls 5 paise to hit all-time low of 85.16 against US dollar in early trade

Reflecting on the last decade, Harshil Mathur, Co-founder & CEO of Razorpay said, “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.”

• Also read: Ventive Hospitality IPO: Last day to subscribe

Over the years, Razorpay has set industry benchmarks with its ESOP initiatives, recognizing and rewarding the contributions of its teams. From its first ESOP buyback in 2018, which enabled 140 employees to liquidate their vested shares, to the $75 million ESOP buyback in 2022 benefiting 650 existing and former employees, Razorpay has continually ensured its success translates into tangible value for its people.