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The women's doubles combination of Tanisha Crasto and Ashwini Ponnappa also lost in the pre-quarterfinals.
Priyanshu Rajawat also crashed out in the men's singles opening round.
Indonesia's Rinov Rivaldy and Pitha Haningtyas Mentari did not have to work too hard as they outplayed the Indian duo in a contest lasting only 29 minutes.
The women's doubles pair of Tanisha Crasto and Ashwini Ponnappa losy to sixth-seeded Lee Chia Hsin and Teng Chun Hsun in the quarterfinals.
Indian men's doubles duo M R Arjun and Dhruv Kapila, mixed doubles pair B Sumeeth Reddy and N Sikki Reddy, women's doubles combo Tanisha Crasto and Ashwini Ponnappa also entered the quarterfinals.
It was Srikanth’s first semifinal on the BWF Tour since the Hylo Open in 2022.
Playing his eighth tournament this season, Srikanth finally got some momentum as he made his first last-four appearance in 16 months.
World No. 18 Sen, the reigning Commonwealth Games champion, will take on Indonesia's world No. 9 Jonatan Christie in the semifinals.
An error-prone P V Sindhu lost to world No. 1 An Se Young of Korea yet again.
Lakshya defeated Denmark's Magnus Johannesen 21-14, 21-15 to enter the second round.