New Delhi, March 25 The Competition Commission of India approved the proposed merger of Coursera's subsidiary, Chess Merger Sub, with Udemy Inc., on Wednesday.
US-based Coursera is a global education technology company that operates a leading online learning platform. Its operations in India are primarily through cross-border digital delivery (including its subsidiary, Coursera India Pvt Ltd).
"The proposed combination involves the merger of Udemy Inc (Udemy) with Chess Merger Sub (Chess merger), a newly incorporated, wholly-owned subsidiary of Coursera Inc. (Coursera)," the regulator said in a statement.
After the merger, Udemy will continue as a wholly-owned subsidiary of Coursera.
Upon completion, existing Coursera shareholders are expected to own approximately 59 per cent, while Udemy stockholders will own about 41 per cent of the combined company, on a fully diluted basis, the CCI said.
Chess Merger Sub is a wholly-owned subsidiary of Coursera, Inc, and it is formed solely to effectuate the proposed combination.
Udemy operates a global online learning and teaching marketplace. It delivers its services digitally and does not rely on any specific offline infrastructure. The company's business is entirely online and international in scope.
In December 2025, Coursera and Udemy jointly announced that they have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. The implied equity value of the combined company is approximately USD 2.5 billion.
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