The fifth-seeded Bopanna and Babos lost 6-2 4-6 9-11 to the Croat-Canadian pair of Pavic and Dabrowski, seeded eighth.
Bopanna is only fourth Indian to lay hands on a Major trophy after Mahesh Bhupathi, Leander Paes and Sania Mirza.
The fifth-seeded Indo-Hungarian pair took one hour and 15 minutes to get the better of Cabal-Spears duo 6-4, 7-6 (5) in the quarterfinal duel.
India's Sania Mirza reached her first Grand Slam semifinal of the 2017 season with Shuai Peng after edging past Timea Babos and Andrea Hlavackova in a close two-set battle at the US Open
Dominic Thiem blasted 47 winners, 20 in the last set, on his way to a 1-6, 6-4, 6-4, 7-5 victory over Pablo Carreno Busta. In women's singles, fifth-seed Simona Halep defeated Timea Babos 6-1, 2-6, 6-4 to advance to Round 4 of 2016 US Open
Leander Paes and Martina Hingis make short work of fifth-seeded Alexander Peya and Timea Babos to clinch Wimbledon title. Catch all the highlights here.
Kimiko Date-Krumm set up a potential Wimbledon showdown with defending champion Serena Williams as the Japanese veteran defeated Romania's Alexandra Cadantu 6-4, 7-5 in the second round on Thursday.
Maria Sharapova was nearly perfect in the first round of the French Open, winning all 12 games to produce a "double bagel."
Russian 11th seed Vera withdrew from the French Open on Monday after suffering from a right shoulder injury.
Timea Babos of Hungary won her first WTA title on Sunday with a 6-4, 6-4 victory over Alexandra Cadantu of Romania in the Monterrey Open final.