Razorpay’s ESOP buybacks grow with the company

ESOPs are usually allocated at the time of hiring, as part of the appraisal or reward programmes. The aim is to give employees ownership interest in the company and motivate them with the promise of future gains.

To keep workers committed, ESOPs come with a vested period within which employees cannot sell their shares. Once that time is up, the company extends a lucrative deal. And the better the company is doing, the more handsome the offer.

For instance, during the last ESOP sale in March 2021, Razorpay spent only $10 million. The jump to $75 million this time is a testament to its steadfast growth. In the past year, it grew by more than 300%. It has set a target of achieving $90 billion in total payment volumes in 2022, up significantly from the $60 billion in 2021.

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