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    Home»Fundraising»Ocado raises £575mn to fund grocery ecommerce technology rollout
    Fundraising

    Ocado raises £575mn to fund grocery ecommerce technology rollout

    June 21, 2022Updated:June 21, 20221 Min Read
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    Online retailer is fitting out a pipeline of customer fulfilment centres for clients around the world

    Ocado has raised £575mn from investors as the group seeks to lock in funding for the costly rollout of its grocery ecommerce technology.

    It raised an additional £3mn through selling shares to management and in a separate offering designed for retail investors.

    Last month, the venture warned that sales growth this year would be in the “mid-single digits”, down from a previous forecast of 10 per cent, as shoppers return to physical stores after the pandemic.

    Read more: FT

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