Razorpay announces ESOP sale of $10 Mn for 750 current and former employees

FinTech unicorn Razorpay announced its third ESOP (Employee Stock Ownership Plan) Buyback program worth $10Mn (INR 73 Crore) for its 750 employees. All existing and former employees of Razorpay who hold vested stocks will be eligible to sell up to 33% of their vested ESOP shares. Sequoia Capital India and GIC, two of Razorpay’s key investors will be the buyers involved in this development.
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