Expanding An Ultra Rapid Retail Logistics Model [Interview]

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Buggy, Canada’s leading rapid retail logistics company, has launched an equity crowdfunding round on Frontfundr.

“With an experienced team, strong strategic partnerships and focus on the path to profitability in this space, we’re excited to offer the opportunity for individuals to invest in our growth through our equity crowdfunding round on Frontfundr,” said Nicole Verkindt, CEO of Buggy.

Nicole Verkindt

“In most cities across Europe and the US, people don’t think twice when they need something immediately. They open an app – click three times and what they need shows up in 15 minutes or less. This market has exploded around the world – but not yet, in Canada. Canadians, particularly young, urban consumers are looking for instant gratification. They don’t want to have to plan a day ahead, purchase large minimum basket sizes, suffer receiving substitutions, or pay 25-30 per cent over retail prices.”

Founded in 2014, then ‘Inabuggy’ the company became a leading grocery shopping and delivery business for Canadians from coast to coast, University students to seniors, particularly during the height of the COVID pandemic. In the summer of 2022, Buggy started opening its own dark stores (ie. “The Buggy Stores”). The company currently has three locations in Toronto and London, Ontario, and plans to expand across Canada, focused on urban and University/College school locations.

In this video interview, Verkindt discusses the unique aspects of the company, consumer trends, the future of retail and her background as an entrepreneur and experience previously on Dragons’ Den: Next Gen Den.

Image: Buggy

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Mario Toneguzzi
Mario Toneguzzi
Mario Toneguzzi, based in Calgary, has more than 40 years experience as a daily newspaper writer, columnist, and editor. He worked for 35 years at the Calgary Herald covering sports, crime, politics, health, faith, city and breaking news, and business. He is the Senior News Editor with Retail Insider in addition to working as a freelance writer and consultant in communications and media relations/training. Mario was named as a RETHINK Retail Top Retail Expert in 2024.

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