Razorpay Grants ₹100,000 ESOPs to All Employees on 10th Anniversary

Razorpay, India’s leading full-stack payments and banking platform for businesses, has marked its 10th anniversary by announcing a significant employee-centric initiative. The company is granting Employee Stock Ownership Plans (ESOPs) worth ₹100,000 to all its current employees. This decision reflects Razorpay's gratitude and recognition of its employees' unwavering dedication, which has fueled its remarkable journey over the past decade.

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The move is a rare and commendable gesture in the startup ecosystem, where uniformly allocating fresh ESOPs to employees across all levels is uncommon. For many employees, this will be their first ESOP allocation. Razorpay emphasizes that its workforce is the cornerstone of its success and views ESOPs as a meaningful way to appreciate their contributions.

Since its inception in 2014, Razorpay has grown exponentially, supporting millions of businesses and touching the lives of over 300 million end consumers across India. The company has set benchmarks in fintech innovation and continues to empower businesses through seamless payment and banking solutions.

Reflecting on the milestone, Harshil Mathur, Co-founder & CEO, shared, “When we started Razorpay, it wasn’t about creating a startup but solving a significant customer problem—simplifying payment systems. Our customer-centric approach has transformed us into a platform that empowers millions of businesses. This milestone is a stepping stone to an even greater journey as we continue to grow and innovate in India’s digital economy.” He added that the ESOP initiative ensures every employee shares in the company’s ongoing success.

Shashank Kumar, Co-founder & MD, highlighted the company’s cultural foundation of long-term thinking and value creation, rooted in their early learnings of prioritizing meaningful contributions over shortcuts. “Our focus has always been on adding value for customers rather than chasing trends or short-term gains. This culture drives us to recognize and reward our team’s efforts through initiatives like universal ESOP grants,” he said.

Razorpay has consistently set industry benchmarks with its ESOP programs, starting with its first buyback in 2018, allowing 140 employees to liquidate their vested shares. By 2022, the company facilitated a $75 million ESOP buyback, benefiting 650 current and former employees. These efforts underline Razorpay's commitment to fostering a culture of ownership and shared success.

As Razorpay enters its next phase, the company reaffirms its dedication to innovating, empowering businesses, and ensuring its growth translates into tangible value for its team and stakeholders.