Backed by a new investor, delivery company QuickCart has expanded operations to Trinidad & Tobago, its first venture outside of its home market of Jamaica.
Monique Powell, who formerly worked in marketing in the banking sector before launching QuickCart six years ago, said she has been planning entry into the T&T market for two years.
“Earlier this year, we thought it was time to go for it. We started the market research, and hired the first person on the ground to start the business development,” Powell said in an interview with the Financial Gleaner.
The money to drive the expansion, according to Powell, came from Kevin Donaldson’s Roots Financial Group. The private equity company bought out shares held by some investors, taking a 40 percent stake in the company