Pakistan-Bangladesh founded Revora raises $2mn seed round, rebrands to focus on AI-powered e-commerce

Revora, formerly known as MyAlice, has raised $2 million in a seed round as the company rebrands itself, shifting from a conversational commerce tool to an AI operating platform for e-commerce merchants.

The funding round was co-led by i2i Ventures and Oraseya Capital, with participation from Anchorless Bangladesh, Conjunction Capital, F6 Ventures, Hi2 Global, Orbit Startups, and strategic angels, including Salman Butt, co-founder of Salla, and operators from Bolt, Mubadala and EY, read a statement on Wednesday.

Revora was co-founded by Pakistani tech entrepreneur Daniyal Baig and Bangladeshi-born operations expert Shuvo Rahman.

The seed round proceeds are expected to be primarily utilised towards driving growth in Saudi Arabia, which has emerged as Revora’s largest and fastest-growing market, and also into the product.

Revora, which is currently operational in over 21 countries, has seen its revenue grow 10x since it focused on Saudi Arabia and the GCC in late 2024, and the team plans to deepen their presence in the region with this latest funding round.

The company offers a Saudi-based customer engagement and AI operating system for e-commerce, which, via its AI agents, acts as a central hub that helps online businesses boost sales and manage customer support.

“Brands using Revora’s AI-led sales and campaigns see a 15-20% revenue increase, showcasing the tangible value of the product,” says the company.

It also turns every merchant’s product catalogue into clean, structured data, allowing a merchant’s products to be found, recommended and bought.

“AI is changing how people buy, not just how companies sell. We’re building Revora on one bet: that the businesses winning the next decade are the ones an AI can understand, represent, and sell for,” said Shuvo Rahman, co-founder, Revora

“The signal that matters most to us isn’t the funding. It’s that merchants using Revora are generating real revenue from it. That’s the metric we’re obsessed with, and the one we are building for,” added  Daniyal Baig, another co-founder of Revora.

Both Daniyal, who spent over 12 years in the MENA region in leadership roles across media and fintech, most recently as COO of Forbes Middle East and Shuvo, who brings the product and technical depth, are building a company that is emerging-market native and is built to address the unique needs of the region.

“We are thrilled to back the team at Revora,” says Kalsoom Lakhani, Co-founder/General Partner, i2i Ventures.

“They have built a product that cuts through the AI noise with tangible value today and a real scale potential. A product built from emerging markets for the region, and the traction speaks for itself. Exactly the kind of bet we back at i2i Ventures,” she added.

Meanwhile, Rahat Ahmed, General Partner, Anchorless Bangladesh, believes that “Revora is precisely what talent in Bangladesh and Pakistan looks like when backed with conviction”.

“We backed Shuvo and team from the very beginning and are proud to double down as they scale,” he said.

Similarly, Omar Khan, Partner, Oraseya Capital, while highlighting the importance of early AI adoption, also backed Revora in its mission to help merchants succeed “by providing solutions that improve operational and customer outcomes”.