[8] In January 2022, the company joined Byju's, Simplilearn, Unacademy, PrepInsta Prime and upGrad and became one of the founding members of IAMAI's India EdTech Consortium.

[13][14] It plans to utilize the funding to develop technology solutions for tablets and mobile with scalability, which can run hundreds of live learning sessions concurrently.

[15] Vedantu raised US$11 million in a series B funding round led by Silicon Valley impact investment firm Omidyar Network and also contributed by its existing investor Accel Partners.

[19] In September 2021, The platform achieved unicorn status by raising $100 million in a Series E round led by ABC World Asia, valuing the company at $1 billion, making it the fifth edtech company in India to achieve unicorn status, following Byju's, Unacademy, Eruditus, and upGrad.

[20] Due to reduced funding for Indian startups, Vedantu laid off one hundred employees in July 2022, making 720 redundancies for 2022.