Startup Revora raises $2m in seed funding to build AI platform for e-commerce merchants

Startup Revora has raised $2 million in a seed round as it shifts from functioning as a conversational commerce tool to an AI operating platform for ecommerce merchants, according to a press release issued by the company.

The seed funding round was co-led by i2i Ventures and Oraseya Capital, with participation from Anchorless Bangladesh, Conjunction Capital, F6 Ventures, Hi2 Global, Orbit Startups, as well as strategic angels and operators from Bolt, Mubadala and EY, the press release said.

The company’s proceeds from the seed funding round would primarily go towards growth in Saudi Arabia, Revora’s largest and fastest- growing market, and into the product, as the company builds for a future where more of buying runs through AI, it added.

Formerly known as MyAlice, Revora was co-founded by Shuvo Rahman and Daniyal Baig.

Detailing its operations in the press release, the company said its AI agents recommend products, recover carts and “take payment inside the conversation, whether that’s on WhatsApp, Instagram or the brand’s own site, in the customer’s own dialect”.

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

The press release further said that Revora also “turns every merchant’s product catalogue into clean, structured data”.

“That catalogue is the long-term bet. As commerce shifts toward AI-powered search and shopping agents globally, that same structured data is what allows a merchant’s products to be found, recommended and bought. Every merchant that joins Revora adds to a commerce graph that no messaging vendor, helpdesk or model provider can replicate,” it added.

The press release quoted co-founder Rahman as saying: “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.”

It further quoted the company’s other co-founder, Baig, as saying: “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.”

Revora says it is live in more than 21 countries and the company’s revenue grew 10 times since it focused on Saudi Arabia and the GCC in late 2024, and the team has plans to deepen their presence in the region with the latest funding round.

From among those who invested in the company, i2i Ventures co-founder Kalsoom Lakhani said, “We are thrilled to back the team at Revora. 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 traction that speaks for itself.”

Similarly, Rahat Ahmed, a general partner at Anchorless Bangladesh, said, “Revora is precisely what talent in Bangladesh and Pakistan looks like when backed with conviction, a team that has consistently built ahead of the curve and generated real revenue from agentic AI in the Middle East. We backed Shuvo and team from the very beginning and are proud to double down as they scale.” ...