When Shuvo Rahman first started working on iFarmer, few people believed a financing and market-access platform for Bangladesh’s smallholder farmers would ever achieve a successful exit. But it did. And he didn’t stop there.
In 2021, a new journey began — MyAlice. A conversational commerce platform helping businesses connect with customers more effectively across WhatsApp, Instagram, and other messaging channels. The start was small, but the dream was much bigger.
The journey brought good times and hard ones alike. From the beginning, Rahat Ahmed of Anchorless Bangladesh stood by his side. At some point, Shuvo realized he couldn’t do everything alone — he needed someone who knew how to scale a business the way he knew how to build a product.
That’s when Daniyal Baig joined the team — former COO of Forbes Middle East, with 12 years of experience as a business leader across the MENA region.
The division of labor was simple: Shuvo would build the product, Daniyal would grow the business. But this simple equation changed the entire story.
How Everything Changed
The company realized that surviving long-term as just a messaging tool wouldn’t be enough. So MyAlice took on a new identity — Revora.
This time, the goal wasn’t just conversation — it was becoming an AI-powered operating platform capable of managing an e-commerce business’s entire customer journey.
Revora’s AI agents now work across WhatsApp, Instagram, and a merchant’s own website. They recommend products to customers, recover abandoned carts, and even complete payments within the conversation itself — all in the customer’s own language.
Businesses using this AI system have seen revenue grow by 15 to 20 percent on average.
But Revora’s biggest bet lies elsewhere.
They’re converting every merchant’s product catalogue into structured data, so that future AI shopping agents can easily find, recommend, and sell that product.
They see this “Commerce Graph” as the biggest competitive advantage of the future — something no messaging platform or AI model provider can easily copy.
The Numbers Tell the Story
Revora currently operates in more than 21 countries worldwide.
Since focusing specifically on Saudi Arabia and the GCC region in late 2024, the company’s revenue has grown roughly 10x. Saudi Arabia is now its largest and fastest-growing market.
To push this growth further, Revora recently raised $2 million in seed funding.
The round was co-led by i2i Ventures (Pakistan) and Oraseya Capital (Dubai).
Other investors included Anchorless Bangladesh, Conjunction Capital, F6 Ventures, Hi2 Global, Orbit Startups, and a group of strategic angel investors — including Salla co-founder Salman Butt, along with former senior operators from Bolt, Mubadala, and EY.
Most of the funds will go toward expansion in Saudi Arabia, with the rest directed to product development.
The Most Important Thing
Daniyal Baig said it best: funding isn’t the biggest measure of success — it’s whether merchants using Revora are generating real revenue.
That’s their obsession. That’s the metric that matters most to them.
In the words of i2i Ventures’ Kalsoom Lakhani, Revora is a company that doesn’t chase AI hype — it builds real business outcomes.
And according to Rahat Ahmed, when talent from Bangladesh and Pakistan works with the right vision and conviction, building a world-class company is absolutely possible.
An entrepreneur who once built a platform for Bangladesh’s farmers is now dreaming of reshaping the Middle East’s e-commerce landscape.
A journey that began in Bangladesh has now reached the world stage, in partnership with Pakistan and the Middle East.
If the dream is clear, and the will to keep going never breaks — that dream eventually earns the trust of investors, customers, and the entire world.
Build in Bangladesh. Build for the world.
This is no longer just a slogan — it’s now a proven reality.
