HRS Navigation Raises $5 Million in Pre-Series A Funding Led by GVFL, Physis and Sathguru Catalysers

• Round also saw participation from India EXIM Bank and KITVEN
• Funds raised to be used to accelerate product innovation, global market expansion and scale manufacturing of advanced next gen navigation
• HRS Navigation’s platform easyNav has assisted surgeons in over 20,000 surgeries by helping them perform surgeries with enhanced accuracy and precision

HRS Navigation, a Bengaluru-based surgical navigation technology startup, has raised $5 million in a Pre-Series A funding round led by GVFL, Physis Capital, and Sathguru Catalysers, with participation from India EXIM Bank and KITVEN.

The funds will be utilised to accelerate product innovation, support global market expansion, and scale the manufacturing of HRS Navigation’s next-generation navigation systems.

“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 emerged as one of India’s leading surgical navigation companies — a space traditionally dominated by global MedTech giants. The company designs and manufactures advanced “Made in India, for the world” surgical navigation systems that enable surgeons to perform complex cranial, spine, and ENT surgeries with enhanced precision and reliability.

At the core of its innovation lies easyNav™, India’s first navigation system designed to integrate seamlessly with existing operating room setups. By making high-end navigation accessible to both large and smaller hospitals, the platform has assisted in over 20,000 surgeries, helping surgeons operate with improved 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, ensuring greater precision in implant placement and anatomical targeting. For patients, it results in better surgical control, reduced complications, and improved outcomes.

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, added, “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).”

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

MidasCap served as the exclusive transaction advisor to HRS Navigation for the $5 million Pre-Series A round.