PE-VC Fund Investments
Computer-assisted surgical tools maker HRS Navigation raises $5-M
Bengaluru-based medtech company HRS Navigation has raised USD 5 million in a pre-Series A round from GVFL, Physis Capital, Sathguru Catalysers, India EXIM Bank and KITVEN.Founded in 2015 by Arpit Paliwal and Shweta Paliwal, HRS Navigation develops computer-assisted surgery solutions. It manufactures surgical navigation systems used for neurosurgery, spine, and ENT surgeriesThe fresh funding will be used for accelerating product innovation, global market expansion, enabling HRS to scale manufacturing and advancing next-generation navigation.
For FY24, HRS Navigation had reported about INR 21 Cr in Operating Income and about INR 0.86 Cr in PAT.
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