Vedantu FY23: Loss Narrows 46% To INR 373 Cr, Revenue Also Declines

Vedantu’s operating revenue stood at INR 152.5 Cr in FY23, down 8% from INR 166 Cr in the previous year. The startup’s primary source of revenue was the tuition fees for its online courses, which declined 13% to INR 144.3 Cr from INR 166 Cr in FY22. The primary reason for the drop in Vedantu’s loss was the decline in its expenditure, which fell 38% to INR 553 Cr in FY23