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Venture fund founder sues PayPal, alleging racial discrimination
Andav Capital's founder claims PayPal's program was discriminatory as it sought to exclusively focus on Black and Hispanic-led enterprises.
PayPal is being sued by the founder of venture firm Andav Capital, who claims she was excluded from the payment giant’s diversity and equity program because she is Asian, according to a suit filed this week. Nisha Desai, the founder of Andav Capital, claims in the newly filed lawsuit that she applied to be considered for the financial commitment but was overlooked because she is Asian, as the program sought to exclusively focus on Black and Hispanic-led enterprises. “Funds majority-owned by individuals of other races, including Asian Americans, are not given equal consideration,” Desai alleges in the suit, filed in a New York federal court.
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