look news india
Before the year ends, Razorpay gave a New Year gift to its employees. Fintech unicorn Razorpay has given its over 3,000 employees Rs. 1 lakh ESOP has been announced. Total ESOP value Rs. More than 30 crores.
Till date you must have heard about many companies that some XYZ company gave gifts worth lakhs of rupees to its employees. But have you heard of any company happily giving bonuses worth lakhs of rupees to its employees? Yes, before the end of the year, Razorpay has given a New Year gift to its employees. This gift has been given on completion of 10 years of the company.
Fintech unicorn Razorpay has given its over 3,000 employees Rs. 1 lakh ESOP has been announced. Total ESOP value Rs. More than 30 crores.
Each will get shares worth Rs 1 lakh
Two years ago, Razorpay planned a $75 million ESOP buyback for 650 employees. Now this gift is for ESOP i.e. all the employees of the company. Employees get these after some time and then they can earn money from them.
Razorpay processes payments for 80 of the 100 unicorn companies. Its purpose is to facilitate business. Razorpay says the ESOP offering recognizes the hard work of its employees. This reflects the company’s vision and confidence in its employees.
Razorpay will shift its headquarters to India by 2025. It is planned to be listed on the stock exchange by 2027-28. Its annual payout is $180 billion. Its portfolio includes over 40 products to meet payments, banking and financial technology needs.
These companies also gave gifts
Food delivery company Swiggy had offered a $65 million ESOP in 2014. At the same time, Urban Company announced ESOP worth $ 25 million for about 400 employees. Many startups announced ESOP buyback in 2023. Fintech company PhonePe offers $200 million ESOP buyback to its employees.
