HRS Navigation, a medtech company, 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 raised will be used to accelerate product innovation, global market expansion, enable its HRS to scale manufacturing and advance next-generation navigation.
Founded in 2015 by Arpit Paliwal and Shweta Paliwal, HRS Navigation is a medtech company that designs and manufactures cutting-edge surgical navigation systems.
At the heart of its innovation is the easyNav platform, a navigation system that integrates seamlessly with existing operating room infrastructure. Surgical navigation technology provides real-time guidance to surgeons during procedures, improving the precision of implant placement and anatomical targeting. For patients, this translates to a more controlled surgical process, reduced risk of complications, and greater confidence in the treatment outcome.
By enabling hospitals to adopt advanced navigation technology, easyNav has made surgical navigation accessible for both smaller & bigger hospitals. The platform has supported over 20,000 surgeries, helping surgeons perform procedures with enhanced accuracy and confidence.
Arpit Paliwal, Founder and Director of HRS Navigation, said, “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. 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.”
Mihir Joshi, Managing Director of GVFL, said, “HRS Navigation exemplifies the kind of deep-tech, impact-driven innovation that is shaping the future of Indian medtech. 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.”
Vinay Bansal, Partner at Physis Capital, said, “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.”
Vijayaraghavan Kannan, Partner at Sathguru Catalysers, said, “What truly excites us is the relevance of the HRS platform in improving health outcomes and making healthcare accessible, not only in the fast-growing Indian market but also in its potential to transform healthcare in other low- and middle-income countries (LMICs).”
