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On 13 July 2009, Ocado released its first app for the iPhone. The app, called 'Ocado on the Go', allows users to do their grocery shopping without the need for a PC. [10] On 19 April 2010, the company extended the app to Android devices. [11] In July 2010, Ocado undertook a stock market Initial public offering. [12]
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Online grocery shopping grew substantially during the COVID-19 pandemic. [8] The COVID-19 pandemic greatly accelerated the growth of online grocers, and in the first few months of the pandemic, online grocery shopping increased by 300%. [9] In addition, first-time online grocery shoppers accounted for 41% of online grocery shoppers. [10]
In August 2020, Waitrose announced they would cease operations with Ocado, which ended on 1 September 2020. Ocado partnered with Waitrose's rival store Marks & Spencer. [63] Arrangements were amended in 2010 to a ten-year agreement to supply products to Ocado. [64] In February 2011, John Lewis Pension trust divested itself of its Ocado shares. [65]
Code for Life is a British-based not-for-profit platform that provides free educational resources which teach children how to code in the classroom, or at home.. Rapid Router is Code for Life's browser-based shopping delivery game developed for children aged 5–14 that uses the programming languages Blockly and, in later levels, Python to teach the basic concepts of programming.
In January 2000, he started Ocado with two former colleagues from Goldman Sachs, Tim Steiner and Jonathan Faiman. [3] [4] He became chief financial officer of the company. [3] The company moved from a start-up to a household name during his 15 years there. In January 2014, Gissing announced that he would retire in May. [5]
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Ocado is now a FTSE 100 online grocery and technology company with a market capitalisation of nearly £15 billion. Having left Ocado, Faiman started a wheat farming business in Ukraine. [ 11 ] In 2015, Faiman moved to run Neos Geosolutions, a company that aimed to collect and analyse geological data to find new oil and gas reserves onshore. [ 12 ]
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