Celebrating a Decade of Success with Employee Rewards

Razorpay, the Bengaluru-based fintech giant, has announced a groundbreaking initiative to celebrate its 10-year milestone. The company is granting employee stock ownership plans (ESOPs) worth Rs 1 lakh to all current employees, reflecting its employee-first philosophy and commitment to long-term value creation.

Razorpay’s Journey: From Startup to Fintech Leader

A Vision of Innovation
Founded in 2014 by Harshil Mathur and Shashank Kumar, Razorpay began with the mission of simplifying online payments for businesses.

Impressive Growth Over the Years

• Annualized total payment volume (TPV): $180 billion
• Funding secured: Over $800 million
• Current valuation: Approximately $7.5 billion

Co-founder Harshil Mathur shared, “Our focus on customer-centric innovation has been key to transforming Razorpay into a platform empowering millions of businesses.”

Employee-Centric Philosophy: Unprecedented ESOP Initiative

A Rare Move in the Startup Ecosystem
Unlike many startups that reserve ESOPs for senior executives, Razorpay has extended this benefit to all employees, many of whom are receiving ESOPs for the first time.

Leadership Insights
Shashank Kumar, Co-founder & MD, stated, “Our culture of prioritizing long-term value creation over short-term wins has been instrumental in our success. This ESOP initiative is a way to recognize our team’s hard work.”

Razorpay’s Financial Performance

FY24 Highlights

• 24% year-on-year revenue growth, reaching Rs 2,068 crore
• Profit after tax surged nearly fivefold
• Strong contributions from its Payment Gateway business

Future Initiatives and Expansion Plans

Supporting B2B Innovators
Razorpay has launched the Razorpay Venture Investment Program to empower the next generation of B2B startups.

Expanding Employee Engagement
With over 3,000 employees, the total ESOP allocation exceeds Rs 30 crore, reinforcing Razorpay’s commitment to shared success.

Reflections on a Decade of Innovation

“Razorpay was never about short-term wins but building something meaningful over the long term,” shared Shashank Kumar. “This mindset drives us to innovate, simplify money movement, and create greater value for businesses.”

As Razorpay embarks on its next chapter, it promises even more innovation and success, building on its strong foundation and culture of employee recognition.