Venture fund founder sues PayPal, alleging racial discrimination
5 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 ...
Asian American Venture Capitalist Accuses PayPal of Racial Bias in ...
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 Jonathan Stempel in New YorkEditing by Matthew Lewis ...
An Indian-American Entrepreneur Takes PayPal to Court Over A …
5 days ago · Desai is suing Paypal for excluding her from the program based on race, alleging that the exclusion cost Andav millions of dollars in "vital capital."
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 ...
PayPal accused of racial bias against Asian Americans in funding ...
Andav Capital Desai said she spent 1-1/2 months seeking funding before PayPal stopped communicating, even as the company invested $100 million in 19 venture capital firms led by blacks and ...
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 ...
Asian American Businesswoman Sues PayPal for Alleged Racial …
3 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 ...
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 accused of racial bias against Asian Americans in funding ...
5 days ago · PayPal PYPL has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars.. 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 ...
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