HRS Navigation, a quickly growing medtech startup, has raised $5 million in a Pre-Series A funding round. The round was supported by GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank, and KITVEN.
The new funds will help HRS Navigation develop products faster, expand into international markets, increase manufacturing capacity, and enhance its next-generation navigation technology.
“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.”
“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.
HRS Navigation was founded in 2015 by Arpit Paliwal and Shweta Paliwal. It is one of the emerging Indian MedTech companies competing with global players in surgical navigation.
The company develops navigation systems for complex cranial, spine, and ENT surgeries, designing and manufacturing all its products entirely in India.
HRS Navigation’s main product, easyNav, is a surgical navigation platform that can be used with existing operating rooms. It is designed to be easy to adopt and more affordable, helping hospitals of all sizes access navigation-assisted surgery.
So far, easyNav has been used in over 20,000 surgical procedures, helping surgeons perform operations with greater precision and consistency.
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