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Razorpay announces ESOP buyback worth $10 Mn for its 750 employees

Megha Jain

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Image Credit: shortpedia

Business-focused payment gateway and neo banking platform Razorpay has announced an employee stock option buyback worth $10 million for its 750 employees. The buback has come at a time when the company is in talks to mop up a new financing round. Sequoia and GIC had led a $100 million Series D funding round in Razorpay in October 2020 that pushed the Bengaluru-based company’s valuation to over $1 billion and made it a unicorn.