<ul><li>Fintech unicorn Razorpay is allocating employee stock ownership plans (Esops) worth Rs 1 lakh to all its current employees to mark the company's 10th anniversary.</li><li>Esops are a popular tool for wealth creation for Indian startups.</li><li>For many employees, this marks their first-ever Esop allocation.</li><li>Razorpay first used Esops to reward its team in 2018 with its first liquidity event through Esop encashment.</li><li>In March 2021, Razorpay announced its third Esop buyback program worth $10 million (Rs 73 crore) for its 750 employees.</li><li>Razorpay's current strength is over 3,000.</li><li>Consumer internet firms have periodically offered employees options to liquidate their holdings.</li><li>Over a dozen new-age companies have facilitated Esop buybacks this year, including Swiggy, Meesho, Purplle, Urban Company, Whatfix, Pocket FM, Dehaat and MyGate.</li><li>Razorpay is seeking RBI's approval to move its parent company’s domicile to India from the US.</li><li>CEO of Razorpay, Harshil Mathur said "We want to go public in the next two years."</li></ul>

Razorpay announces Esops worth Rs 1 lakh for all current employees on 10-year anniversary

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