Indian payments firm Razorpay announces ESOP buyback worth $10m

Razorpay Founders (L-R), Harshil Mathur & Shashank Kumar

Payment solutions startup Razorpay on Thursday announced the third employee stock ownership plan (ESOP) buyback worth $10 million or ₹73 crore for 750 existing and former employees. Sequoia Capital India and GIC, two of Razorpay’s key investors, will be the buyers involved in this process, the company’s statement said.

All employees who hold vested stocks will be eligible to sell up to 33% of their ESOP shares, it said.

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