On Tuesday, November 12, 2025, Bengaluru-based, R&D-driven, medtech firm HRS Navigation has managed to raise $5 million in a Pre-Series A funding round. It was funded by a group of investors, such as GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank, and KITVEN. The sole advisor to HRS Navigation on this fundraise was MidasCap. 

Utilisation of the fund

The capital injection will be used strategically by the company to promote the product development and expansion of market. The capital is set to fasten product innovation and enable the company to expand globally. The target of this investment is also to allow HRS Navigation to scale manufacturing and to develop its next-generation navigation technologies. The overall goal is to make sure that patients in India and other countries worldwide can enjoy precision surgery by providing access to advanced surgical navigation to all hospitals and surgeons.

The Founder and Director of HRS Navigation, Arpit Paliwal, 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.”

Quotation Source: YourStory  

Challenging global incumbents and impact

Arpit Paliwal and Shweta Paliwal are the founders of HRS Navigation. The company is one of the increasingly numerous Indian medtech firms that are competing with global leaders in the highly niche area of surgical navigation. HRS Navigation is a designer and manufacturer of navigation system applications in difficult surgeries, in particular, cranial, spine, and ENT surgeries. The most significant point of the company is that its systems are designed and manufactured completely in India, which may demonstrate the ability of India to develop world-class solutions in the sphere of medtech.

HRS Navigation has a proprietary surgical navigational platform, easyNav, at the center of its product line. The easyNav system is to be compatible with the current operating rooms. EasyNav has helped to make navigation-assisted surgery more affordable to both large and small hospitals by simplifying adoption and reducing costs.

According to the company, the system has been previously implemented in over 20,000 procedures already, and it has allowed surgeons to be more precise and consistent in their work. Arpit Paliwal, Founder and Director of HRS Navigation, has observed that such an investment not only enhances their capacity to innovate and have a global presence but also demonstrates the potential of India to produce medtech solutions that are of world standard.

The Managing Director of GVFL, Mihir Joshi, 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.”

The Partner at Physis Capital, Vinay Bansal, 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.”

Quotations Source: YourStory  

Conclusion

The pre-Series A funding round of $5 million is a significant achievement for HRS Navigation, which has given it the required financial energy to speed up its pursuit. The firm, with the support of major investors, is set to increase its local production and technological capabilities, which will lead to an increase in the use of precision surgical navigation systems in India and growth in the global market, hence making India a standard location for state-of-the-art surgical systems.