Razorpay to offer ESOP share buyback plan for 400 employees1 min read . Updated: 13 Nov 2019, 02:04 PM IST
- All employees who hold vested stocks will be eligible to sell up to 30% of their vested ESOP shares of the company
- Sequoia India and Ribbit Capital, two of Razorpay’s key investors will buy back the shares at a premium
Bengaluru: Payment solutions startup Razorpay on Wednesday announced an employee stock ownership plan (ESOP) buyback for both existing and former employees, who own equity in the startup. The company, however, did not disclose the value of the buyback deal.
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