Top Track 250

This company, which is the online face of Waitrose, has raised more funds than any other European internet start-up in the seven years since its launch, with stakeholders ploughing in almost £300m. Their faith appears to be paying off – business is booming at the company started by three former Goldman Sachs bankers, Jason Gissing, Tim Steiner and Jonathan Faiman, though Ocado has yet to post a profit. Annualised sales rose 49% to £213.6m in 2006 as more than 50,000 households a week shunned the supermarket run and ordered from its automated 1.2m sq ft warehouse in Hatfield, Hertfordshire.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
ActivityOnline grocery retailer
Sales £m†213.6
Operating profit £m†-36.0
Main shareholdersOther investors (50%), John Lewis Partnership (25%), management (25%)

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda