BENGALURU – Medical technology firm HRS Navigation has raised $5 million (around Rs 42 crore) in a pre-Series A funding round to expand its surgical navigation systems globally and strengthen its manufacturing and research capabilities.
The funding round was led by GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank and KITVEN, the company said in a statement on Tuesday.
HRS Navigation said the funds will be used to accelerate product innovation and scale up production of its easyNav platform, which provides real-time guidance to surgeons during complex cranial, spine and ENT surgeries. The company also plans to expand its market presence internationally.
“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.
He added that the investment will help the firm “strengthen its ability to innovate and expand internationally”.
Founded by Arpit and Shweta Paliwal, the Bengaluru-based company designs and manufactures surgical navigation systems in India.
According to the company, its easyNav platform has been used in more than 20,000 procedures and can integrate with existing operating room infrastructure, making it adaptable for hospitals of different sizes.
Mihir Joshi, Managing Director of GVFL, said HRS Navigation’s technology reflected “the kind of deep-tech innovation that is shaping the future of Indian medtech”. He said the company was helping India “emerge as a reliable exporter of high-end surgical technologies”.
Vinay Bansal, Partner at Physis Capital, said the investment showed confidence in India’s ability to produce “globally competitive technology” that addresses critical healthcare needs.
Vijayaraghavan Kannan, Partner at Sathguru Catalysers, said HRS Navigation’s platform could “improve health outcomes” not only in India but also in other low- and middle-income countries.
The company said its focus remains on developing indigenous surgical technologies aligned with the “Make in India for the World” initiative.
MidasCap served as the exclusive transaction advisor for the funding round.
HRS Navigation was founded in 2015 and operates in the field of image-guided surgical navigation systems designed to assist surgeons with greater accuracy and safety during operations.
