Razorpay Offers ESOP Buyback for Second Time in a Year
Razorpay, India’s first converged payments solution company announced the implementation of the second ESOP Buyback plan for its employees, both existing and former.
All existing and former employees who hold vested stocks will be eligible to sell up to 30% of their vested ESOP shares of the company.
Sequoia India and Ribbit Capital, two of Razorpay’s key investors will be the buyers at a premium.
While ESOP Buybacks have been part of employee welfare in larger organisations, the startup industry particularly in India, has started to see these developments since recently.
This depicts the healthy growth that the startup ecosystem has been witnessing. Razorpay’s 600 people team raised their Series-C funding in June this year and the ESOP Buyback plan is a reflection of the ...