Zinc, an edu-wealth startup focused on helping Indian families plan for overseas education, has secured $25.5 million in seed funding. Nexus Venture Partners led this investment round, which also included Quona Capital, EDBI, Global Ventures, and Credit Saison. Zinc aims to use the funds to secure essential financial licenses, fuel product development, and launch custom investment solutions for Indian families.
As the demand for global education accelerates, Zinc’s mission is to provide families with tailored financial tools to bridge the gap between saving in rupees and paying in foreign currencies. Zinc’s platform enables families to save and invest in foreign currencies, shielding their savings from rupee depreciation and offering protection against currency fluctuations. This is particularly important as education costs continue to rise, and more Indian students opt to study abroad, with an estimated 2 million projected by 2025.
The startup’s flagship offering, Zinc Honors, provides a comprehensive suite of tools that simplify the planning and financing of overseas education. The suite also features Ada, an AI-powered edu-counselor designed to guide families through the complexities of global education planning. Ada assists users in selecting the right universities and provides ongoing support, making overseas education more accessible and financially feasible for Indian families.
Prashanth Ranganathan, Founder & CEO of Zinc, said, “At Zinc, we are tackling one of the biggest challenges faced by Indian families: navigating the rising costs of international education. We’re moving beyond traditional savings approaches and helping families adopt global strategies that offer better financial security. Zinc is committed to building a comprehensive ecosystem where parents can plan, save, and invest wisely for their children’s education.”
With the newly raised capital, Zinc is also expanding its infrastructure. The company has received approval for a Registered Investment Advisor (RIA) license from SEBI and an in-principle approval for the Payment Service Provider (PSP) license. These licenses will allow Zinc to offer personalized investment advice, cross-border payment solutions, and secure access to international markets.
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Anup Gupta, Managing Director at Nexus Venture Partners, added, “India is a growing hub for students seeking global education. We are thrilled to support Prashanth and the team in their vision to create a transparent and effective financial planning platform for families investing in global education.”
Zinc’s vision is to become a full-stack cross-border financial services provider, empowering Indian families to achieve their overseas education dreams while alleviating the financial strain of global tuition costs.
