Indian medtech startup HRS Navigation has raised $5 million in a pre-Series A funding round led by GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank and KITVEN.
The startup will apply the raised capital to accelerate product innovation, global market expansion, enabling HRS to scale manufacturing and advance next-generation navigation.
Founded by Arpit Paliwal and Shweta Paliwal, HRS Navigation designs and manufactures surgical navigation systems that empower surgeons to perform complex cranial, spine & ENT surgeries.
The startup has developed the simpleNav platform, which it calls India’s first navigation system that integrates with existing operating room infrastructure. By enabling hospitals to adopt advanced navigation technology, simpleNav has built surgical navigation accessible to both compacter and larger hospitals. The platform has supported more than 20,000 surgeries, supporting surgeons perform procedures with greater accuracy and confidence.
“Our mission is to create advanced surgical navigation accessible to every hospital and surgeon, so that patients across India and beyond can benefit from precision surgery,” declared 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 revealcasing India’s capability to develop world-class medtech solutions.”
“HRS Navigation exemplifies the kind of deep-tech, impact-driven innovation that is shaping the future of Indian medtech,” declared Mihir Joshi, Managing Director of GVFL.
“By building globally competitive navigation platforms, HRS is supporting India emerge as a reliable exporter of high-finish surgical technologies while improving access to precision surgery across the countest.”
Vinay Bansal, Partner at Physis Capital, declared, “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 creating healthcare accessible, not only in the rapid-growing Indian market but also in its potential to transform healthcare in other low- and middle-income countries (LMICs),” declared Vijayaraghavan Kannan, Partner at Sathguru Catalysers.
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