PayPal Sued for Alleged Racial Discrimination in Diversity Program
Venture fund founder sues PayPal for racial discrimination in diversity program.
Matilda
PayPal Sued for Alleged Racial Discrimination in Diversity Program
Nisha Desai, founder of Andav Capital, claims she was excluded from PayPal's $530 million diversity initiative due to her race. In a lawsuit filed this week, Nisha Desai, founder of venture firm Andav Capital, alleges that PayPal discriminated against her by excluding her from the company's $530 million diversity and equity program. Desai, who is Asian American, claims she was denied funding because the program explicitly prioritized Black and Hispanic-led businesses. This lawsuit adds another layer to the ongoing legal battles surrounding race-conscious programs, raising questions about the legality and ethical implications of such initiatives. The Allegations: Desai alleges that PayPal's program, launched in 2020 following the Black Lives Matter movement, explicitly stated its focus on supporting Black and Hispanic-led businesses. Despite meeting with PayPal executives and presenting her firm's qualifications, Desai claims she was repeatedly informed that the program was…
