Inflection Point Ventures led a seed round of $250,000 raised by SaaS startup Mushin Innovative Labs.
According to a press release from Mushin Innovative Labs, the money will be utilized to boost product innovation, strengthen sales and marketing operations, and speed up research and development.
Mushin Innovative Labs, a SaaS startup co-founded in 2019 by Rachit Srivastava and Aman Batra, is dedicated to providing cutting-edge digital solutions to the automotive manufacturing sector. The platform’s objectives are to support its clients’ sustainable growth, encourage innovation, and improve teamwork. The company helps Tier I and Tier II manufacturers enhance quality management and optimize compliance procedures through its flagship platform, Mushin AQUA, which results in notable operational efficiencies and cost savings of up to 85%.
The Delhi-based business claims that its platform offers a highly customizable solution that is suited to the unique requirements of each factory and is made to satisfy the strict requirements of IATF, VDA, and ISO compliance. Mushin AQUA uses AI/ML capabilities to facilitate paperless operations, predictive analytics, and increased efficiency in a market without direct local competition.
With operations in India and other countries, Mushin Innovative Labs provides Tier 1 and Tier 2 automakers with cutting-edge compliance and quality management solutions. In a cutthroat global market, the company says it helps leading car brands achieve sustainable growth and drive digital transformation.
According to reports, Mushin Innovative Labs has onboarded 70 factories in just two years and forged alliances with 15 top automakers. Prominent international OEMs like Volkswagen, Skoda, Volvo, JCB, and Aston Martin have also expressed interest in the business.
