Razorpay offers second ESOP buyback

Reinforcing its commitment towards continuous investment in its strong workforce, converged payments solution company Razorpay is to implement its second ESOP buyback plan for its employees.

Sequoia India and Ribbit Capital, two of Razorpay’s key investors, will be the buyers at a premium. All existing and former employees who hold vested stocks will be eligible to sell up to 30 per cent of their vested ESOP shares of the company.

Over 400 employees are eligible to participate. The aim is to motivate the Razorpay team to continue creating value, both for the company and employees.