MUMBAI, 10 October, 2019: Prarambh, the legal tech incubator founded by India's largest law firm, Cyril Amarchand Mangaldas, has announced the winners of its first cohort - JRTC Intern, Leegality and LegalMind. These startups have been selected after a detailed analysis of 51 applications. These startups are working on a diverse range of products including talent management, workflow for eStamping and eSignature and AI-based legal research.
"It gives us immense pleasure to roll out the first Prarambh cohort. These winners have been selected after an intensive selection process. With our world-class mentorship program, under the aegis of various experts, I am confident that it's a matter of time before these startups make a big mark for themselves," Mr. Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas, said while announcing the winners of Prarambh.
A distinguished panel of leading international innovators, industry experts and lawyers from Cyril Amarchand Mangaldas will mentor these startups to develop technology-based solutions that will benefit Indian legal sector.
Highlighting the Firm's focus on Innovation, Mr. Rishabh Shroff, Partner, Cyril Amarchand Mangaldas said, "Our Firm thrives on innovation as one of the pillars supporting our growth and vision. Understanding the importance of dynamicity, we have led technological revolution from the front. From implementing artificial intelligence to using machine learning, Prarambh is a natural progression for us."
Announced in February, Prarambh received 51 applications from various startups across the country. These applications were thoroughly evaluated by a distinguished jury on 12 pre - defined parameters, after which three startups were selected.
Starting October 9, the winning startups will move into Prarambh, which is housed at CAM's Delhi office. The custom design workspace will provide an invigorating environment to these startups during the six month mentorship program, which will lead these ideas towards fruition and success.
Talking about Prarambh, Ms.Komal Gupta, Head - Innovation, Cyril Amarchand Mangaldas, said, "We received a stellar response from across the country. The quality of ideas reflect that Prarambh will be a major contributor to driving innovation in the Indian legal sector. As we look forward to inducting the first cohort, we will make sure that these ideas get quality mentorship, and the final products serve the legal community at large by maximizing functional efficiencies. We have laid down a detailed mentorship program bearing in mind the needs of a startup. This program will not only help them develop their product but will also strengthen their business acumen and make them future ready. We look forward to making a difference."