Venture Fund Founder Sues PayPal Over Racial Discrimination Claims

Venture Fund Founder Sues PayPal Over Racial Discrimination Claims
Nisha Desai, founder of Andav Capital, has filed a lawsuit against PayPal, alleging racial discrimination after being excluded from the company's diversity program aimed at supporting Black and minority-led businesses. Desai claims her application was overlooked due to her Asian heritage, as PayPal's initiative reportedly prioritized Black and Hispanic firms. The lawsuit asserts that this exclusion has cost her firm millions in potential capital. PayPal has not commented on the ongoing litigation. Desai's case highlights broader concerns about racial equity in venture funding programs.