Cannot build the app with react native 0.29

I just upgraded to react native 0.29 and when try to compile, getting this error:

A problem occurred configuring project ':app'.
> A problem occurred configuring project ':react-native-spinkit'.
   > Could not resolve all dependencies for configuration ':react-native-spinkit:_debugCompile'.
      > Could not find com.android.support:support-v4:23.2.1.
        Searched in the following locations:
            https://jitpack.io/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            https://jitpack.io/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            file:/Users/shidhin/.m2/repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            file:/Users/shidhin/.m2/repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            https://jcenter.bintray.com/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            https://jcenter.bintray.com/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            file:/Users/shidhin/Dropbox/code_playground/swag/node_modules/react-native/android/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            file:/Users/shidhin/Dropbox/code_playground/swag/node_modules/react-native/android/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            https://repo1.maven.org/maven2/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            https://repo1.maven.org/maven2/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            file:/usr/local/opt/android-sdk/extras/android/m2repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            file:/usr/local/opt/android-sdk/extras/android/m2repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
        Required by:
            namshi.app:react-native-spinkit:unspecified > com.facebook.react:react-native:0.29.0 > com.android.support:recyclerview-v7:23.0.1
            namshi.app:react-native-spinkit:unspecified > com.facebook.react:react-native:0.29.0 > com.android.support:appcompat-v7:23.0.1
      > Could not find com.android.support:support-v4:23.2.1.
        Searched in the following locations:
            https://jitpack.io/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            https://jitpack.io/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            file:/Users/shidhin/.m2/repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            file:/Users/shidhin/.m2/repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            https://jcenter.bintray.com/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            https://jcenter.bintray.com/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            file:/Users/shidhin/Dropbox/code_playground/swag/node_modules/react-native/android/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            file:/Users/shidhin/Dropbox/code_playground/swag/node_modules/react-native/android/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            https://repo1.maven.org/maven2/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            https://repo1.maven.org/maven2/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
            file:/usr/local/opt/android-sdk/extras/android/m2repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.pom
            file:/usr/local/opt/android-sdk/extras/android/m2repository/com/android/support/support-v4/23.2.1/support-v4-23.2.1.jar
        Required by:
            namshi.app:react-native-spinkit:unspecified > com.facebook.react:react-native:0.29.0 > com.facebook.fresco:imagepipeline-okhttp3:0.11.0 > com.facebook.fresco:imagepipeline:0.11.0
            namshi.app:react-native-spinkit:unspecified > com.facebook.react:react-native:0.29.0 > com.facebook.fresco:fresco:0.11.0 > com.facebook.fresco:drawee:0.11.0
            namshi.app:react-native-spinkit:unspecified > com.facebook.react:react-native:0.29.0 > com.facebook.fresco:imagepipeline-okhttp3:0.11.0 > com.facebook.fresco:imagepipeline:0.11.0 > com.facebook.fresco:imagepipeline-base:0.11.0

* Try:
Run with --stacktrace option to get the stack trace. Run with --info or --debug option to get more log output.

Any leads ?

Start by reproducing the React Native 0.29 Android build failure and inspect the Gradle dependency configuration for react-native-spinkit. Trace why com.android.support:support-v4:23.2.1 cannot be resolved through the listed repositories and dependency chain. Done means the app builds successfully with React Native 0.29.