I got the same issue. I updated my ANDROID_HOME env variable again it worked for me.
Follow this React-native android-setup documentation
ex:
export ANDROID_HOME=~/Library/Android/sdk
Windows:
set
ANDROID_HOME=c:/Users/whoever/AppData/Local/Android/Sdk
Mac:
1 - Open your bash profile:
open .bash_profile
Add this to your bash_profile:
export ANDROID_SDK=/Users/<your_computer_name>/Library/Android/sdk
export PATH=/Users/<your_computer_name>/Library/Android/sdk/platform-tools:$PATH
Save and close
Compile your changes
source ~/.bash_profile
Please get your settings updated with latest version.