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.

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Company details
Year2007
Rank128
CompanyOcado
ActivityOnline grocery retailer
LocationHatfield
Sales £m†213.6
Operating profit £m†-36.0
Main shareholdersOther investors (50%), John Lewis Partnership (25%), management (25%)
Staff1,248
Founded2000
Websitewww.ocado.com

If applicable:

* supplied by Company   † annualised figure   ‡  profit = ebitda