Ocado Innovation Ltd
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Ocado raises cash to fund CFC building programme

THE LEADING technology and retail group has raised over £875m of gross liquidity through an approximately £578m equity placing and a new £300m revolving credit facility (RCF), providing a liquidity position for the Ocado Group of almost £2bn.

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Ocado refreshes tech and strategy

The innovative grocer and integrator says technological breakthroughs will boost the Ocado Smart Platform, allowing it to work faster with lower operating costs, with the strategic aims of providing shorter delivery times and quicker speed to market for installations.

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Ocado invests in micro-fulfillment start-up

The UK tech leader has bought a minority stake in Myrmex, a robotics start-up that provides micro-fulfilment with a twist – the automated tote handling is designed to feed a front end that can be accessed directly by consumers.

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