Revora, the startup formerly known as MyAlice, has raised 2 million dollars in a seed funding round as it transitions from functioning as a conversational commerce tool into an artificial intelligence operating platform for e-commerce merchants. The round was co-led by i2i Ventures and Oraseya Capital, with participation from Anchorless Bangladesh, Conjunction Capital, F6 Ventures, Hi2 Global, Orbit Startups, and a group of strategic angel investors and operators with backgrounds at Bolt, Mubadala, and EY. The company stated that proceeds from the round would primarily support growth in Saudi Arabia, currently Revora’s largest and fastest-growing market, alongside continued product development as it builds toward a future in which an increasing share of commercial purchasing activity runs through AI-mediated interactions.
Revora was co-founded by Shuvo Rahman and Daniyal Baig, and its AI agents are designed to recommend products, recover abandoned shopping carts, and process payment directly within a conversation, whether that conversation takes place on WhatsApp, Instagram, or a brand’s own website, and in the customer’s own dialect. This conversational, multi-platform approach to commerce reflects how online purchasing behaviour has evolved across many emerging markets, where messaging applications and social platforms function as primary commercial touchpoints rather than secondary channels to a conventional e-commerce website. According to the company, brands using Revora’s AI-led sales and campaign tools have seen revenue increases of between 15 and 20 percent, a figure the company points to as evidence of the tangible commercial value its platform delivers to merchants.
Beyond the immediate conversational commerce functionality, Revora also converts every merchant’s product catalogue into clean, structured data, a capability the company describes as its long-term strategic bet. As global commerce continues shifting toward AI-powered search and autonomous shopping agents, the argument follows that structured product data of this kind is precisely what allows a merchant’s offerings to be found, recommended, and purchased by these AI-driven discovery and transaction systems. The company frames this data layer as building a commerce graph that grows in value with each additional merchant who joins the platform, creating a defensibility that messaging vendors, helpdesk providers, or underlying AI model providers cannot easily replicate.
Co-founder Shuvo Rahman described the company’s underlying thesis as a bet that the businesses succeeding over the next decade will be those that an AI system can understand, represent, and sell on behalf of, while co-founder Daniyal Baig emphasised that the metric the team is most focused on is not the funding itself but the real revenue that merchants using Revora are generating, describing this as the obsession driving the company’s product development. Revora reports being live in more than 21 countries, with revenue having grown tenfold since the company sharpened its focus on Saudi Arabia and the broader Gulf Cooperation Council region in late 2024, a trajectory the new funding round is intended to accelerate further. Kalsoom Lakhani, co-founder of i2i Ventures, described the investment as backing a product that cuts through AI hype with tangible value and genuine scale potential, while Rahat Ahmed, General Partner at Anchorless Bangladesh, characterised Revora as representative of the calibre of talent emerging from Bangladesh and Pakistan when backed with conviction, noting that Anchorless has supported the founding team from its earliest stages and is doubling down as the company scales its presence in the Middle East.
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