Surgical navigation tech startup HRS Navigation Raises $5 Million in Pre Series A led by GVFL, Physis and Sathguru Catalysers

HRS Navigation, a fast-growing Indian 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.

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 has rapidly emerged as India’s leading surgical navigation companies in a segment traditionally dominated by global MedTech giants. The company designs and manufactures cutting-edge surgical navigation systems — truly Made in India made for the world — that empower surgeons to perform complex cranial, spine & ENT surgeries with world class precision and reliability.

At the heart of its innovation is the easyNav™ platform, India’s first navigation system that integrates seamlessly with existing operating room infrastructure. 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.

“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.”

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.

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.”

“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),” said Vijayaraghavan Kannan, Partner at Sathguru Catalysers.

With a growing portfolio spanning neurosurgery, spine & ENT, HRS Navigation continues to redefine indigenous innovation — reinforcing India’s position as a global hub for advanced medtech.

MidasCap was the exclusive transaction advisor to HRS Navigation for its $5mn Pre- Series A fundraise.

About HRS Navigation

HRS Navigation is a Bengaluru-based, R&D-driven medtechcompany pioneering India’s first domestically developed surgical navigation systems for cranial, spine, and ENT procedures. The company blends deep engineering expertise in navigation technology with a strong innovation mindset to create high-precision platforms that make advanced image-guided surgery more accessible and affordable.

With a strong focus on indigenous innovation, HRS Navigation designs and manufactures its technologies entirely in India, aligning with the nation’s “Make in India for the World” vision. Each product is designed to address the unique needs of the Indian healthcare ecosystem while upholding the highest global standards of precision and reliability. Its commitment to in-house software development and universal compatibility has enabled seamless integration of navigation technology across a wide range of hospitals, from metros to tier-3 cities.

Recognized with multiple national, international, and state-level awards for innovation and excellence, HRS Navigation continues to redefine India’s medtech landscape. The company’s work embodies its mission to democratize precision surgery and establish India as a global hub for world-class surgical technology.