Digital payments and banking solutions unicorn Razorpay has announced a milestone initiative to celebrate its 10-year journey. The company has extended Employee Stock Ownership Plans (ESOPs) worth ₹1 lakh to all current employees. This marks the latest in a series of ESOP-related initiatives aimed at sharing its growth success with its workforce.
Razorpay’s ESOP journey began in 2018 with its first buyback program, enabling 140 employees to liquidate their vested shares. By 2022, the company had launched a $75 million buyback program that benefited 650 current and former employees. These initiatives highlight Razorpay’s commitment to fostering employee ownership and wealth creation.
The company’s growth trajectory underscores its industry leadership, serving over 300 million end consumers across India. With an annualised Total Payment Volume (TPV) of $180 billion, Razorpay continues to strengthen its foothold in the digital payments landscape.
Last month, Razorpay launched the Razorpay Venture Investment Program, a strategic initiative aimed at empowering the next generation of B2B innovators. Through this program, the company seeks to identify and support early-stage startups driving transformative changes in the B2B space.
Financially, Razorpay has secured over $800 million through various funding rounds, attaining a valuation of approximately $7.5 billion. The firm reported a 24% year-on-year (YoY) revenue increase in its Payment Gateway (PG) business, reaching ₹2,068 crore in FY24. Profit after tax surged nearly fivefold during the same period, reflecting Razorpay’s robust financial health and operational efficiency.
As Razorpay looks to the future, its initiatives, from ESOP distributions to investments in innovation, underscore its mission to build and sustain a thriving ecosystem for digital payments and financial technology.
