Prarambh is India’s first legal tech incubator launched by Cyril Amarchand Mangaldas in February 2019, with the aim of nurturing young entrepreneurs and developing bespoke legal technology solutions for the Indian legal market.
A collaborative effort between industry experts, start-ups, developers and more, Prarambh is firmly focussed on driving innovation and fostering a spirit of entrepreneurship. In addition, as a well-rounded knowledge centre dedicated to developing legal service tools for the real world, it also provides a creative thinking space, mentorship as well as subject matter expertise. In fact, this initiative has considerably narrowed the legal-tech gap that existed prior to its launch. This was done by ensuring domestic talent is identified and given all the support they need to grow and transform the domain of Indian law through technological innovations.
Here is how it works. After a stringent selection process, every start-up that becomes part of the Prarambh ecosystem goes through a 12-stage programme that offers end-to-end solutions, from helping them set up, brand building to financial management planning, strategic planning, and networking. Everything to give them a competitive edge. Once a viable market offering is created that fills the need gap, these start-ups are provided exposure to investors, as well as any assistance they need to reach the largest audience possible.
Access to justice, dispute resolution, transaction efficiencies, legal research and law firm operations are some of the technology-led solutions that we have helped develop through Prarambh.
Prarambh Cohort 1 was launched on October 9, 2019 and the cohort period finished on April 30, 2020. Prarambh Cohort 2 was conceptualized and launch to address one or more out of 6 areas of interest, namely access to justice, increasing transactional efficiencies, improving law firm operations, improving litigation competencies, accessing government programs and reforms and the remote workforce. Any applicant would need to be the “Ready to scale” stage. There were the 24 applications received – all of them were put thorough a rigorous multi-stage evaluation, which included detailed discussions and pitching sessions to specialists; and finally the 3 start-ups were chosen. The winners of Prarambh Cohort 2 are Conduct, Presolv360, and PropertyChek. These startups are working on a diverse range of impactful products, which can have a lasting impact of the Indian legal fraternity.
Conduct is a start-up specialized in cultural compliance using data; Presolv360 on online cloud based Online Dispute Resolution, while PropertyChek is a SaaS platform for title due diligence and registration. Further details about the 3 startups is provided below.
For the press release: click here
Managing Director & CEO of JRTC Intern – Mayank shares his experience as a part of the first cohort of our Legal Tech Incubator – Prarambh23rd September 2020
Category – Legal Research
Product Stage – Development
About LegalMind A research and Analytics platform that help lawyers gain a competitive edge by identifying trends and patterns from millions or caselaws. By identifying trends in court’s decisions , judges and lawyers, legal professionals can build case winning strategies with data driven decision making.
Category – Managing Legal Talent
Product Stage – Development
About JRTC Intern A talent management platform that connects pre-qualified law students with internship opportunities at law firms, advocate offices and corporates.
Category – Increasing Transactional Efficiencies
Product Stage – Ready to Scale
About Leegality Leegality enables truly paperless operations by enabling businesses to digitize document execution through IT Act Compliant eSign, Digital Stamping and Document Workflow Automation solutions.
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