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.
|Activity||Online grocery retailer|
|Operating profit £m||†-36.0|
|Main shareholders||Other investors (50%), John Lewis Partnership (25%), management (25%)|
* supplied by Company † annualised figure ‡ profit = ebitda