@SaalHardali I like the following paper by Boavida and Weiss :
arxiv.org/abs/1202.1305. You can view embedding calculus as non-monoidal and contravariant version of factorization topology. The poin tis you try to approximate the functor Emb(-,M) by restricting to dijoint union of disks and then right Kan extending it. The main result in this field is that if the codimension is at least 3, this right Kan extension is equivalent to the embedding space.