Srikanth held a 4-1 record over Prannoy coming into this match, but the shuttler was unable to deliver. Srikanth won the first game 21-13, but Prannoy won the second set comprehensively.
The fifth seeded Indian will face Indonesian Fitriani Fitriani next.
The 24-year-old from Hyderabad will begin her campaign against China's Li Xuerui, a former Olympic gold medallist and World No 1.
PV Sindhu and Kidambi Srikanth notched up contrasting wins to progress to the Round of 16, but World No. 11 H S Prannoy suffered a shock defeat to unheralded Brazilian Ygor Coelho to bow out of the World Championship.
The third-seeded Indian defeated World No. 39 Saena Kawakami of Japan 21-15, 21-13 in the opening round at the Olympic Sports Center Xincheng Gymnasium.
Reigning World champion and title favourite P V Sindhu sailed into the pre-quarter-finals at the China Open Super 1000 tournament with a convincing straight-games victory over former Olympic gold medallist Li Xuerui, in Changzhou, on Wednesday.
Telangana Chief Minister K Chandrashekhar Rao, on Saturday, felicitated 2018 Commonwealth Games medallists Saina Nehwal and PV Sindhu among others at Pragathi Bhavan.
The 26-year-old is now the lone Indian survivor in the BWF World Tour Super 750 tournament.
Both states try to outsmart each other in felicitating the shuttler.
H S Prannoy outwitted World No 2 and title favourite Kidambi Srikanth in a thrilling final to win the men's singles title at the 82nd Senior National Championship, in Nagpur on Wednesday.
Olympic silver medallist P V Sindhu advanced to the pre-quarterfinals of the women's singles competition after defeating Korea's Kim Hyo Min in the second round of the World Championship in Glasgow on Tuesday.
It is Sindhu's second semifinal of the season, following a last-four finish at the India Open last month.
Sindhu lost 7-21, 24-22, 15-21 to Beiwen Zhang of United States in a match that lasted 56 minutes while World Championships bronze-medallst Sai Praneeth was trailing 9-21, 7-11 when he conceded the match to fifth-seeded Anders Antonsen of Denmark due to an unspecified injury.
Satwiksairaj Rankireddy and Ashwini Ponnappa notched up an upset win over the World No 8 and second-seeded Indonesian pair of Hafiz Faizal and Gloria Emanuelle Widjaja in the opening round.
The 19-year-old Indian came up with a splendid display but it was not enough to prevent him doing down 17-21, 21-16, 17-21 after 55 minutes.
India's Lakshya Sen on Thursday progressed to the quarter-finals of the All England Badminton Championships in Birmingham, while HS Prannoy crashed out in the second round.
PV Sindhu had to dig deep to down a fighting Vu Thi Trang of Vietnam but Saina Nehwal did not break any sweat as India's top two shuttlers advanced to the women's singles second round at the 18th Asian Games, in Jakarta, on Thursday.
Fourth seeded Sindhu took 39 minutes to get the better of World No 22 Mia 21-13, 21-19, her second straight win over the Dane.
In the absence of national regulars, the focus will shift on the likes of Rinku, who was surprisingly not picked for the first round despite having an impressive first-class record.
Rio Olympics silver medallist P V Sindhu will look to shrug off the disappointment of last week's second round exit at Denmark Open and eye her maiden Super Series women's singles title when she competes at the French Open this week. The sixth seeded Indian, who had lost to Japan's Sayaka Sato in second round at Odense, will open her campaign against Hong Kong's Yip Pui Yin at Stade Pierre de Coubertin.
Sindhu suffered a shock defeat to lower-ranked Pai Yu Po of Chinese Taipei
Make space for another star, Saina Nehwal. P V Sindhu has arrived. While most girls her age would have just left their Barbies behind, Sindhu has excelled herself as a senior with her maiden Grand Prix badminton title in Malaysia last Saturday.
Olympics-bound Indian shuttlers Saina Nehwal and P V Sindhu easily won their women's singles first round matches in the Badminton Asia Championships, in Wuhan, China, on Wednesday.
The Rio Games silver winner easily notched up a 21-14, 21-15 win over unseeded Japanese Aya Ohori in the second round match that lasted just 40 minutes.
On the eighth day of CWG 2018, the 22-year-old from Hyderabad made everything look so easy as she clinched a comfortable 21-15, 21-9 win over Wendy Chen in a one-sided last-16 clash of the women's singles event that lasted 34 minutes at the Carrara Sports Arena.
Olympic medallist PV Sindhu and Kidambi Srikanth crashed out in the quarter-finals of the French Open after suffering straight-game defeats in their respective matches as India's campaign ended in the singles events.
Defending champion P V Sindhu stood just one step away from retaining her title after defeating Thailand's Ratchanok Inthanon in a lop-sided semi-final at the $ 350,000 India Open Super 500 tournament in New Delhi on Saturday.
Indian women shuttlers advanced to the Badminton Asia Team Championship quarter-finals despite a 1-4 loss to Japan in which P V Sindhu notched the country's only win Alor Setar, Malaysia, on Thursday.
Kidambi Srikanth and two-time bronze medallist P V Sindhu will headline a 21-member Indian contingent as they gun for the elusive gold medal at the World Badminton Championships starting in Glasgow on Monday.
P V Sindhu cemented her position as a dominant force on the world stage with an Olympic silver medal while Saina Nehwal continued to battle with injuries in a year, which saw Indian badminton take giant strides at the global platform. It turned out to be a watershed year for Sindhu, who reached the upper echelons of world badminton with a silver medal at Rio Games -- an achievement also for her mentor and chief coach Pullela Gopichand, who became the only Indian coach to produce two Olympic medallists. On the other hand, for the first part of the year, it was Saina's battle with injuries which dominated the headlines even though she was considered to be the best bet for India at Rio. The Indian ace fought against time to recover from an Achilles tendons and went on to win the Australian Super Series.
The London Olympics bronze medallist beat world No. 73 Brazilian Vicente Lohaynny 21-17, 21-17 in 39 minutes, while Sindhu, a two-time World Championships bronze winner, had things her way against Laura Sarosi of Hungary, winning 21-8, 21-9 in 27 minutes.
India's top shuttlers PV Sindhu and Saina Nehwal, on Wednesday, suffered shocking first-round exits from the Malaysia Open Super Series in Kuching.
The ceremonial arch, inaugurated in July 1836, in a rather austere ceremony, stands proudly at the centre of Place Charles de Gaulle with 12 grand avenues radiating outward from the commemorative landmark.
After losing seven successive finals, PV Sindhu finally redeemed herself with the gold medal at the World Tour Finals.
While Saina made short work of USA's Beiwan Zhang, second seed Sindhu had to dig deep to get the better of Japanese Sayaka Sato.
PV Sindhu dominated from start to finish and smashed her way into the second round of the prestigious All England Badminton Championships, in Birmingham, on Wednesday.
The biggest upset of the day was produced by Hong Kong's Cheung Ngan Yi, who knocked out Olympic champion and last year's finalist Carolina Marin 21-12, 21-19, in a 48-minute clash.
Rio Olympic silver medallist P V Sindhu jumped two places to achieve her career-best ranking of seven, while Saina Nehwal was also back in the top 10, in the latest BWF World Ranking.
Star Indian shuttler P V Sindhu cruised into the quarter-finals of the All England Championships women's singles with a straight-game win over Sung Ji Hyun of Korea, in Birmingham, on Thursday.Rising Indian shuttler Lakshya Sen was knocked out after losing in straight games to Victor Axelsen.
Olympic medallists Saina Nehwal and P V Sindhu will be the cynosure of all eyes when the seventh India Super Series badminton tournament gets underway with the qualifiers in New Delhi on Tuesday.