The story of FAVORIOT is one of determination and perseverance. The journey of building a startup is never easy, but the team has proved that with hard work and dedication, success is possible.
From the very beginning, the team at FAVORIOT knew that they were in for a long and challenging journey. They understood that building a startup was like running a marathon, where the destination was distant and filled with hills, mountains, and valleys. However, they were determined to succeed and were ready to face any obstacles that came their way.
The early days were tough. The team struggled to find customers and generate revenue, and the cost of operations was high. But they didn’t give up. Instead, they worked tirelessly to develop their IoT product, Raqib, which was designed to monitor the elderly and pilgrims. They knew that this was a product that could make a difference in people’s lives, and they were determined to see it through to the end.
However, their resolve was tested when the Malaysian Hajj was postponed for two years due to the COVID-19 pandemic. This left Raqib without a customer base, and the team had to watch as their investment was rendered useless. It was a setback, but they didn’t let it defeat them. Instead, they learned from the experience and used it to strengthen their resolve.
Over the years, FAVORIOT has faced many challenges, but they have learned from each one and emerged stronger for it. They have gone from having zero revenue and struggling to find customers, to having over 7200 users in 121 countries. Their branding has improved, and their name is now one of the top results on Google when searched for.
As FAVORIOT celebrates its 6th anniversary, the team is proud of what they have achieved. They have persevered through tough times, overcome obstacles, and come out stronger for it. They are now ready to take the next step in their journey and seek new partners and venture capital funding to expand their business further.
The story of FAVORIOT is an inspiring one, and it shows that with hard work, determination, and a willingness to learn from mistakes, anything is possible. They have proved that the journey of building a startup is never easy, but it is always worth it in the end.
