Revora completed a $2 million seed funding round to scale AI-focused conversational commerce solutions in the MENA region. The e-commerce AI startup, formerly known as “MyAlice” and headquartered in Saudi Arabia, aims to accelerate its growth in the GCC market, particularly Saudi Arabia, with the new investment.
The funding round was co-led by i2i Ventures and Oraseya Capital. Anchorless Bangladesh, Conjunction Capital, F6 Ventures, Hi2 Global, Orbit Startups, and strategic angel investors including Salman Butt, co-founder of Salla, also participated in the round.
AI-Powered E-Commerce Infrastructure with Revora
Founded in 2021 by Shuvo Rahman and Daniyal Baig, Revora develops an AI-focused operating platform for e-commerce sellers. The platform offers product recommendations through AI agents, recovers abandoned carts, can accept payments within conversations, and structures sellers’ product catalogs in a way that is suitable for AI-powered commerce.
Revora announced that, by repositioning from the MyAlice brand, it has transformed from being only a conversational commerce tool into an integrated AI operating platform for e-commerce sellers. The company stated that the winning sellers in the coming period will not be those with many tools, but those who replace these tools with a smarter and integrated AI layer.
Operating in More Than 21 Countries
Revora currently operates in more than 21 countries. The company announced that its revenue increased 10 times after shifting its focus to Saudi Arabia and the GCC region in late 2024. According to Revora, brands achieve a 15 percent to 20 percent revenue increase with the platform’s AI-powered sales and campaign solutions.
Revora’s AI agents can manage the sales process in customers’ own dialects through WhatsApp, Instagram, or brands’ own websites. These agents can recommend products, recover carts, and complete the payment process directly within the conversation.
“The Way People Buy Is Changing”
Revora Co-Founder Shuvo Rahman said that artificial intelligence is changing not only the way companies sell, but also the way people buy. Rahman said, “We are building Revora on a single assumption: The businesses that will win the next decade will be the ones that an AI can understand, represent, and sell on behalf of.”
Revora Co-Founder Daniyal Baig stated that the most important indicator for the company is not investment, but sellers generating real revenue through the platform. Baig said that this is the core metric they focus on and that they are developing the product in line with this goal.
The Investment Will Be Directed to Growth in Saudi Arabia
Revora announced that the new investment will primarily be used to support growth in Saudi Arabia, the company’s largest and fastest-growing market. The fund will also be directed toward product development efforts for an e-commerce future in which more purchasing processes will move through artificial intelligence.
Daniyal Baig has more than 12 years of experience in the fields of media and fintech in the MENA region. Most recently serving as COO at Forbes Middle East, Baig also developed an inventory management product for small sellers in the region. Shuvo Rahman, before Revora, exited the agritech startup iFarmer and developed a technology platform that connected small farmers with financing, advisory services, and market access.
Investors emphasized that Revora is a company emerging from developing markets, designed according to the needs of the region, and generating concrete revenue in the field of artificial intelligence.