Medtech startup HRS Navigation raises $5M in pre-Series A round

HRS Navigation, a fast-growing medtech startup, has raised $5 million in a Pre-Series A funding round backed by GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank and KITVEN.

The funds will be used to speed up product development, expand into global markets, scale HRS’s manufacturing, and improve next-generation navigation.

Read also- Ecozen to raise $12.6 Mn debt from UTI and Spark Investment

“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.

About HRS Navigation

Founded in 2015 by Arpit Paliwal and Shweta Paliwal, HRS Navigation is part of a growing group of Indian MedTech companies competing with global players in surgical navigation. The company designs and builds navigation systems for complex cranial, spine, and ENT surgeries entirely in India.

Its main product, easyNav, is a surgical navigation platform that works with existing operating rooms. By making it easier to adopt and more affordable, easyNav has helped hospitals of all sizes use navigation-assisted surgery. The system has already supported surgeons in over 20,000 procedures, improving precision and consistency in operations.

Advertisment