Cyril Amarchand Mangaldas’ Delhi-based legal technology support programme Prarambh, which had been launched in 2019 and had ‘mentored’ four start-ups so far without a direct pecuniary element, has selected another three legal tech startups that it wanted to work with more closely over 16 weeks from today (7 June).
Fundamentally, CAM assists the start-ups with partner and lawyer time to test, improve and market their products and services better, though this time apparently a new calendar for a virtual cohort has been put together.
CAM chief innovation officer Komal Gupta said in a press release: “The program for the second cohort has evolved and includes the feedback, learnings and experiences from the first cohort. The program will have a more tailor – made calendar to cater to the specific needs of each of the startups during the 16 weeks.”
According to a CAM press release, the new start-ups in the second cohort of the programme are:
Conduct is a culture compliance tech solution focused on bringing data at the forefront of diversity & inclusion building and management at the workplaces. The internal committees of a company can manage the complaints, minutes of minutes, identify quorum, prepare conciliation and inquiry reports through this secure system.
Presolv360 is an independent institution that facilitates and administers dispute resolution services via its cloud- based end-to-end online dispute resolution (‘ODR’) platform and specializes in small to mid-value commercial dispute resolution by making it data-driven and inclusive. The disputing parties can avail their services from the comforts of their homes and offices from laptops, desktops or even simple mobile devices
PropertyChek is India’s first Property Legal Process Management (PLPM) SaaS platform that helps banks and financial companies conduct title due diligence and registration before issuing loan mortgages for real estate properties. It provides end to end real estate legal and support services which includes Project finance reports, Title Search Reports, Legal Opinions, vetting, other property documentation services, RERA check, Query report and Notice of Intimation (loan registration), Stamp duty payment, franking, Registration of Title Documents and Document Collection.
In 2019, for its first cohort, CAM had selected three start-ups: JRTC Intern (a talent management platform), Leegality (an electronic signing service) and LegalMind (a deep learning research play).
CAM partner Rishabh Shroff said in the release: “We learnt from our experiences in Cohort 1, and this year focused on chosen areas of interest. We wanted to focus on start-ups in “ready to scale” stage. Besides making it more practical to do an online Cohort this year due to Covid, we are confident we would be able to achieve our goals to expeditiously help develop technology solutions servicing the legal needs of law firm and other companies, the demand for which has extrapolated in the Covid era.”
We have asked what has happened to the four start-ups in that first cohort, and particularly whether these have, indeed, scaled.
Update 14:25: Gupta said that the first cohort’s start-ups were independent, “our alumni” and were “doing well”, and would “continue to participate in parts of the program that interests them and will also be sharing their learnings and experience with the second cohort”.
Managing partner Cyril Shroff added that each of the start-ups were “addressing our chosen areas of interest”. “Addressing these challenges requires an ahead of the curve mindset and approach, with continuous innovation,” he said. “I am sure with that with help the experts at Cyril Amarchand Mangaldas, these start-ups with be able to develop more scalable technology solutions for the legal and corporate sectors, that would help fill a critical void, besides making a positive contribution to economy and society.”