Venture fund founder sues PayPal, alleging racial discrimination
4 days ago · Desai launched Andav Capital in 2018, according to PitchBook, to invest in early-stage companies. The venture firm has made at least 13 investments, including in fintech startup Acorns, the ...
VC Firm Founder Sues PayPal, Claims Racial Discrimination Led To …
Nisha Desai, the founder of Andav Capital, claims she applied for consideration in a $530 million financial commitment PayPal announced in 2020 to support Black- and minority-owned businesses ...
Businesswoman’s Lawsuit Challenges PayPal’s Diversity Policies
PayPal is being sued by Asian American entrepreneur Nisha Desai and her venture capital firm, Andav Capital, over alleged racial discrimination in its investment programs. Desai’s lawsuit claims that PayPal’s 2020 initiative, a $535 million program supporting minority-owned businesses, excluded Asian American entrepreneurs by directing ...
An Indian-American Entrepreneur Takes PayPal to Court Over A …
4 days ago · Andav was ultimately denied an award from the fund, which announced its first round of investments in October 2020. Each recipient had at least one black or Hispanic general partner—a pattern ...
PayPal Sued for Excluding Asian American Entrepreneurs from …
The lawsuit was filed alongside New York-based venture capital firm Andav Capital and is part of a broader conservative movement seeking to scale back corporate diversity, equity, and inclusion ...
Asian American Businesswoman Sues PayPal for Alleged Racial …
2 days ago · The CEO of the venture capital firm Andav Capital, Nisha Desai, is an Asian American entrepreneur who has sued PayPal, claiming that the company’s funding methods are biased against her race. The case, filed in a federal court in Manhattan, alleges that PayPal’s investment program unjustly excludes Asian American business owners from ...
Venture Capitalist Sues Paypal Over Funding Program for Minority …
The plaintiffs, New York-based Andav Capital and founder Nisha Desai, applied in 2020 but received nothing, and PayPal executives told Desai at the time that the company was favoring funds run by ...
PayPal Accused of Racial Bias Against Asian Americans in Funding …
2 days ago · The case is Andav Capital et al v PayPal Holdings Inc et al, U.S. District Court, Southern District of New York, No. 25-00033. (Reporting by Stempel in New York; Editing by Matthew Lewis ...
PayPal Sued for Barring Asian Americans From Investment Program
5 days ago · PayPal Holdings Inc. unlawfully excludes Asian Americans and others from a multi-million dollar program that invests in Black and Latinx-led emerging venture-capital funds, according to a federal lawsuit filed in New York. The suit filed Thursday was brought by Nisha Desai, an Asian American woman who founded and runs Andav Capital, an early-stage venture capital firm, who says she sought ...
PayPal accused of racial bias against Asian Americans in funding ...
4 days ago · Thursday's complaint by Nisha Desai and her New York-based venture capital firm Andav Capital is part of a growing push among some conservatives to curtail diversity, equity and inclusion ...
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