SaaS startup Mushin Innovative Labs has raised $250,000 in a Seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.
The startup plans to use the raised capital to utilize the raised funds to bolster its sales and marketing operations, accelerate its research and development efforts, and fuel the innovation of its product suite.
The strategic focus on these areas will allow Mushin to expand its market presence, enhance its product offerings, and develop cutting-edge solutions that address the evolving demands of the automotive manufacturing sector.
With this approach, it aims to drive growth, strengthen customer relationships, and solidify its leadership position in the industry.
What does Mushin Innovative Labs do?
Founded by Rachit Srivastava and Amman Batra, Mushin Innovation Labs aims to transform the automotive manufacturing industry with its advanced digital solutions.
Through its flagship platform, Mushin AQUA, the startup enables Tier 1 and Tier 2 manufacturers to optimize compliance and elevate quality management, delivering operational excellence and achieving up to 85% cost reduction.
Led by a team with extensive industry expertise, it is focused on fostering innovation in automotive manufacturing, driving collaboration, and supporting sustainable growth for clients in a rapidly evolving market.
Leadership comments
Rachit Srivastava, Founder & CEO, Mushin, says, “At Mushin Innovation Labs, we are committed to transforming the automotive manufacturing industry with innovative digital solutions that redefine compliance and enhance quality. As Henry Ford aptly stated, “If everyone is moving forward together, then success takes care of itself.” Guided by the philosophy of the Bhagavad Gita, “You have the right to perform your prescribed duties, but you are not entitled to the fruits of your actions,” we focus on the journey of continuous improvement and innovation. We believe that dedication to excellence and a shared vision will drive the future of automotive manufacturing.”
Market presence
Mushin Innovation Labs operates both pan-India and globally, providing its cutting-edge compliance and quality management solutions to Tier 1 and Tier 2 automotive manufacturers.
The startup also claims to have a strong international presence.
“The automotive manufacturing industry has stringent compliance standards to follow while minimizing costs and maintaining top-notch quality. Many Tier 1 and Tier 2 manufacturers struggle to meet these demands efficiently due to fragmented processes and outdated systems. Mushin Innovation Labs addresses this challenge and streamlines compliance and enhances quality management in an accessible price range, making lives easier for tier 1 & 2 manufacturers,” said Vikram Ramasubramaniam, Partner and CIO, Inflection Point Ventures.
Partnerships with leading automotive brands
Mushin Innovation Labs claims to have secured partnerships with 15 leading automotive brands and onboarding 70 factories within two years. The startup has also passed the Maruti Vendor System Audit (VSA) and obtained Letters of Intent (LOIs) from 15 factories.
Notably, it has also garnered interest from prestigious global OEMs, including Volkswagen, Skoda, Volvo, JCB, and Aston Martin.
