Fintech unicorn Razorpay is extending Rs 1 lakh worth of employee stock ownership plans (ESOPs) to all current employees as part of its 10-year celebrations.
This is the third employee liquidity event for Razorpay, with previous ESOP buybacks in 2018 and 2022.
Razorpay has expanded its services beyond payment gateways and aims to be profitable across revenue streams before a potential IPO.
The Bengaluru-based company has raised nearly $750 million from investors such as Lone Pine Capital, TCV, GIC, Tiger Global, and Peak XV Partners.