Sequoia Capital is set to invest around $4-5 Mn in Bangalore based ready made food maker – Best Food Enterprises Private Limited, as per nextbigwhat.com.

The investment is to be completed by March 2013.

Best Food operates out of Bangalore with the focus on the fresh food segment. It manages its products under the ‘ID Special’ brand and over the past 5 years has captured more than 90% of the batter and paratha market in Bangalore.

The company is promoted by a group of IIM & NIT graduates and is co-founded by Musthafa PC.

It sells various items like idli/dosa batter, Rose Cookies, Diamond Chips etc. under its brand to about 5,000 retail outlets across Mangalore, Chennai, Hyderabad, Mumbai, Dubai, Mysore, Trichy and Kanjeevaram.

Sequoia Capital is an active investor in the Indian startup space and has invested in Café Coffee Day, Prataap Snacks and kebab and wrap chain Faaso’s in the past in the food & beverage field.

It recently acquired 30% stake in Suburban Diagnostics for R40 Cr earlier this month after it exited Ess Dee Aluminium by selling around 6.5% stake for R28.25 Cr in September.

Among other food product firms, Kotak MF recently sold part stake in Heritage Foods for R12.73 Cr last month.

GTI Capital invested an undisclosed amount in Brattle Foods in a Series B round of investment in August and Maiyas Beverages and Food, which sells ready-to-eat food under brand name Maiyas focused in the southern region of India, was set to raise PE funds of around $20 Mn for expansion.

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