{"id":8008,"date":"2022-05-10T00:25:29","date_gmt":"2022-05-09T18:55:29","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=8008"},"modified":"2025-04-08T14:45:31","modified_gmt":"2025-04-08T09:15:31","slug":"announcing-our-4th-esop-buyback-for-650-razors","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/announcing-our-4th-esop-buyback-for-650-razors\/","title":{"rendered":"Announcing our 4th ESOP buyback for 650 Razors as part of $75 million transaction"},"content":{"rendered":"

We began with a simple mission, at Razorpay: to make digital payments accessible to every single business in India. Over the last seven and a half years, we have been working towards building the financial ecosystem for millions of small and medium businesses<\/span> and looking for ways to simplify their financial lives. Today, we\u2019re glad for the opportunity to be the payment and banking partner of choice for over 8 million businesses.\u00a0<\/span><\/p>\n

Razorpay powers 34 of the 42 startups in India that turned unicorn last year. Being able to create an impact such as this is truly humbling. It only pushes us to continue solving for our businesses and strengthening their financial infrastructure, so that they can witness significant unrestricted growth.\u00a0<\/span><\/p>\n

The last two years have been tough for all of us. It was a challenging time for us at Razorpay too. But I\u2019m proud of how we stuck together and managed, collectively, to steer the company through a period of enormous growth. We grew by over 300% in the last year alone \u2013 thanks to the efforts of our team, the significant digital adoption by small businesses who trusted us, and investors who believed in our vision and purpose.<\/span><\/p>\n

For Shashank and me, it has been a privilege to work alongside some of the smartest people in the industry \u2013 colleagues who have enabled Razorpay\u2019s growth journey through a sense of ownership and responsibility. <\/span>The journey so far has been extremely enriching and it is only because of our team of awesome Razors that we have managed to achieve so much in the last few years.<\/span><\/p>\n

With a desire to honour our Razors for all their efforts, I take great joy in announcing <\/span>Razorpay\u2019s fourth and largest ESOP (Employee Stock Ownership Plan) sale, for 650 current and former team members<\/b> \u2013 irrespective of rank \u2013 as part of a $75m transaction. <\/span>The sale is led by Lightspeed Venture Partners <\/b>along with participation from <\/b>Moore Strategic Ventures<\/b> \u2013 we\u2019re delighted to add such marquee tech investors as partners in our journey.\u00a0<\/span><\/p>\n

These ESOP sales are a way for us to give back to our Razors and a small effort in making a difference in their lives. This is one way for us to show them our gratitude. To date, we have awarded ESOPs to 1940 existing and former employees across levels.\u00a0<\/span><\/p>\n

This year, we aim to benefit employees across roles and ranks. Eligible former employees can sell their ESOPs at the same rate as existing employees \u2013 we would not have it any other way at Razorpay!\u00a0<\/span><\/p>\n

The future, as we imagine it, is one full of boundless possibilities for our partner businesses in a digital universe. We are very excited about building for our customers and their evolving financial needs and ushering in the next stage of digital inclusivity. <\/span><\/p>\n

That will require perseverance and a team effort \u2013 but that is what we pride ourselves on at Razorpay!<\/span><\/p>\n

Related Read: <\/b>ESOP for Startups in India <\/b><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

We began with a simple mission, at Razorpay: to make digital payments accessible to every single business in India. Over the last seven and a half years, we have been working towards building the financial ecosystem for millions of small and medium businesses and looking for ways to simplify their financial lives. Today, we\u2019re glad<\/p>\n","protected":false},"author":7,"featured_media":8010,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[69],"tags":[],"class_list":{"0":"post-8008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-razorpay-stories"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/8008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=8008"}],"version-history":[{"count":1,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/8008\/revisions"}],"predecessor-version":[{"id":21900,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/8008\/revisions\/21900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/8010"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=8008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=8008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=8008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}