Funds raised will be used to accelerate product innovation, global market expansion, enabling
HRS to scale manufacturing and advance next-generation navigation

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.”

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 and 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, 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.”

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, Sathguru Catalysers.