YOGASMOGA Honored By Goldman Sachs For Entrepreneurship

NEW YORK, Oct. 14, 2015 /PRNewswire/ -- Goldman Sachs (NYSE: GS) is recognizing YOGASMOGA® founders Rishi Bali (CEO) and Tapasya Bali (COO) as part of the 100 Most Intriguing Entrepreneurs of 2015 at its Builders + Innovators Summit in Santa Barbara, California.

Goldman Sachs selected the YOGASMOGA founders Rishi Bali and Tapasya Bali as among 100 entrepreneurs from multiple industries to be honored at the two-day event. Siblings Rishi and Tapasya Bali bring strong business acumen, acquired at Goldman Sachs and Credit Suisse respectively, to their shared passion and deep understanding of yoga.

YOGASMOGA is a yoga-inspired athletic apparel company that upholds the tenets of yoga through responsible and authentic business practices that inspire deep, direct and lasting connections with customers. Founded in 2013 by siblings Rishi and Tapasya Bali, the company is headquartered in New York City with significant production and retail operations in California and Massachusetts.

YOGASMOGA has seen enormous growth in 2015. The brand opened a West Coast Flagship on Rodeo Drive and announced a national expansion bringing 10 new stores by year end. YOGASMOGA is opening in the nation's most prestigious shopping centers and districts including: Rodeo Drive, Newport Beach's Fashion Island, San Francisco's Union Square, La Plaza La Jolla (La Jolla), The Mall at Short Hills (New Jersey) and Boston's the Shops at Prudential Center.

"We've been very dedicated to our vision since we launched in 2013," said Rishi Bali, YOGASMOGA CEO and Co-founder. "It's incredibly gratifying and humbling to have that work recognized by Goldman Sachs, especially as we are beginning to scale our business and bring our concept to top tier shopping centers nationwide."

"We know our brand resonates with people; we hear it every day from our shoppers," says Tapasya Bali, YOGASMOGA COO and Co-founder. "We are so proud that others, especially those in the business community, are taking notice and recognizing that YOGASMOGA is a special and unique brand."

"We are honored to recognize Rishi Bali and Tapasya Bali as being among the most intriguing entrepreneurs of 2015," said David Solomon, co-head of investment banking at Goldman Sachs. "This is an exciting time for entrepreneurs. This is the fourth year that we've hosted the Builders + Innovators Summit and continue to be amazed by what happens when a diverse group of seasoned and emerging business leaders -- the builders and innovators – come together to discuss how to drive innovation, create jobs, and build enduring organizations."

About Goldman Sachs
For more than 145 years, Goldman Sachs has been advising and financing entrepreneurs as they launch and grow their businesses. In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by Goldman Sachs experts, seasoned entrepreneurs, academics and business leaders as well as resident scholars.

About YOGASMOGA
YOGASMOGA® is a yoga-inspired athletic apparel company that upholds the tenets of yoga through responsible and authentic business practices that inspire deep, direct and lasting connections with customers. Founded in 2013 by siblings Rishi and Tapasya Bali, the company is headquartered in New York City with significant production and retail operations in California and Massachusetts. YOGASMOGA crafts its products from innovative proprietary fabrics developed in its research and development facilities in California. As an expression of its ethos, YOGASMOGA uses only unretouched photography and manufactures its products domestically in the USA. YOGASMOGA created the NAMASKAR FOUNDATION to benefit health and education and facilitate micro-lending for residents of remote Himalayan villages. For additional information, visit www.YOGASMOGA.com.

Contact: [email protected]

SOURCE YOGASMOGA

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