Medtech startup HRS Navigation raises $5M in pre-Series A led by GVFL, Physis, and Sathguru Catalysers
According to the company, the funds raised will be used to accelerate product innovation, global market expansion, enabling HRS to scale manufacturing and advance next-generation navigation.
Bengaluru-based medtech company HRS Navigation has raised $5 million in a Pre-Series A funding round backed by GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank and KITVEN.
According to the company, the funds raised will be used to accelerate product innovation, global market expansion, enabling HRS to scale manufacturing and advance next-generation navigation.
“Our mission is to make advanced surgical navigation accessible to every hospital and surgeon, so that patients across India and beyond can benefit from precision surgery,” said Arpit Paliwal, Founder and Director of HRS Navigation. “With this investment, we are not only strengthening our ability to innovate and expand internationally but also showcasing India’s capability to develop world-class medtech solutions.”
Founded by Arpit Paliwal and Shweta Paliwal, HRS Navigation is among a growing group of Indian MedTech companies challenging global incumbents in the field of surgical navigation. The company designs and manufactures navigation systems used in complex cranial, spine, and ENT surgeries, developed and built entirely in India.
At the core of its product line is easyNav, a surgical navigation platform that integrates with existing operating room setups. By simplifying adoption and reducing costs, easyNav has helped make navigation-assisted surgery more accessible to hospitals of varying sizes. The system has so far been used in more than 20,000 procedures, supporting surgeons in achieving greater precision and consistency during operations.
“HRS Navigation exemplifies the kind of deep-tech, impact-driven innovation that is shaping the future of Indian medtech,” said Mihir Joshi, Managing Director of GVFL. “By building globally competitive navigation platforms, HRS is helping India emerge as a reliable exporter of high-end surgical technologies while improving access to precision surgery across the country.”
“HRS Navigation exemplifies the innovation edge emerging from India — globally competitive technology, engineered with smart design and efficiency, solving critical healthcare challenges. We’re excited to partner with a team that’s building scalable Medtech from India for the world,” added Vinay Bansal, Partner at Physis Capital.
MidasCap was the exclusive transaction advisor to HRS Navigation for its $5 million pre-Series A fundraise.
Edited by Affirunisa Kankudti