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Ocado, the online grocer, is close to completing its seventh fundraising for £40m, with the backing of Tetra Pak billionaire Jorn Rausing. The firm , valued by some at around £600m, is still to make a profit, but is planning on a stock market flotation in the next eighteen months to fund an international expansion. An IPO could generate £130m for owners Jason Gissing, (pictured) Jonathan Faiman and Tim Steiner.