Indian payments firm Razorpay announces ESOP buyback worth $10m

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.