Expanding An Ultra Rapid Retail Logistics Model [Interview]

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.

“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.

The Video Interview Series by Retail Insider is available on YouTube.

Connect with Mario Toneguzzi, a veteran of the media industry for more than 40 years and named in 2021 a Top Ten Business Journalist in the world and the only Canadian – to learn how you can tell your story, share your message and amplify it to a wide audience. He is Senior News Editor with Retail Insider and owner of Mario Toneguzzi Communications Inc. and can be reached at mdtoneguzzi@gmail.com.

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