Acquisition and Merger of Sorting Hat Technologies Private Limited by upGrad Education Private Limited · 07 Jul 2026
CCI competition order · 07 Jul 2026
Official title
1. upGrad Education Private Limited 2. Sorting Hat Technologies Private Limited
CCI competition order · 07 Jul 2026
Official title
1. upGrad Education Private Limited 2. Sorting Hat Technologies Private Limited
Summary
Check the official recordupGrad Education Private Limited (Acquirer) proposes to acquire shareholding in and merge Sorting Hat Technologies Private Limited (Target) into itself. The transaction is notifiable under Section 5(d) of the Competition Act, 2002. The Acquirer operates in formal and non-formal education sectors, while the Target operates in the non-formal education sector. The purpose of the combination is to enable the Acquirer to enter the online test preparation segment and broaden its learner base. The parties have identified a horizontal overlap in the market for non-formal education in India but state that the combination does not raise competition concerns regardless of market definition.
What you must do
Who is affected
SUMMARY OF THE PROPOSED COMBINATION UNDER REGULATION 13(2) OF THE COMPETITION COMMISSION OF INDIA (COMBINATIONS) REGULATIONS, 2024
a) Name of the parties to the combination
b) The nature and purpose of the combination 3. The proposed combination relates to an acquisition of shareholding in the Target and its merger with and into the Acquirer (“Proposed Combination”). The Proposed Combination is notifiable under Section 5(d) of the Competition Act, 2002 (as amended). 4. The Proposed Combination will enable the Acquirer to enter the online test preparation segment, in which it does not currently have a presence. It will also broaden the range of learners served by the Acquirer pursuant to the Proposed Combination. For the shareholders of the Target, the Proposed Combination provides an opportunity to realise shareholder value in a consolidated entity.
c) The products, services and business(es) of the parties to the combination Acquirer
d) The respective markets in which the parties to the combination operate 7. The exact delineation of the relevant market may be left open as the Proposed Combination does not give rise to any competition concerns, irrespective of the manner in which the markets are defined. 8. However, to aid the Hon’ble Commission in its assessment of the Proposed Combination, a horizontal overlap has been identified in the “market for non- formal education in India”.