diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0d6b3d78..9d56a43f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,14 @@
 
 All notable changes to this project will be documented in this file. See [standard-version](https://github.com/conventional-changelog/standard-version) for commit guidelines.
 
+## [1.24.0](https://github.com/rudderlabs/rudder-sdk-android/compare/v1.23.3...v1.24.0) (2024-07-31)
+
+
+### Features
+
+* add a configurable setting to put the CloudModeProcessor to sleep for a specified interval ([#460](https://github.com/rudderlabs/rudder-sdk-android/issues/460)) ([0711b37](https://github.com/rudderlabs/rudder-sdk-android/commit/0711b37625758f3fa791dd93124c8bcd5492a519))
+* implement exponential retry mechanism for handling network errors ([#468](https://github.com/rudderlabs/rudder-sdk-android/issues/468)) ([e07e2cf](https://github.com/rudderlabs/rudder-sdk-android/commit/e07e2cf10126cbc3dcef7324111bac5c9f8a15d8))
+
 ### [1.23.3](https://github.com/rudderlabs/rudder-sdk-android/compare/v1.23.2...v1.23.3) (2024-07-01)
 
 
diff --git a/gradle.properties b/gradle.properties
index 22b5a7ab..a5267507 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -5,8 +5,8 @@ android.enableJetifier=true
 android.enableR8.fullMode=true
 kotlin.code.style=official
 GROUP=com.rudderstack.android.sdk
-VERSION_CODE=30
-VERSION_NAME=1.23.3
+VERSION_CODE=31
+VERSION_NAME=1.24.0
 POM_NAME=Rudderstack SDK for android
 POM_DESCRIPTION=Rudderstack SDK for android
 POM_ARTIFACT_ID=core
diff --git a/package.json b/package.json
index 0106e1fd..f37af98d 100644
--- a/package.json
+++ b/package.json
@@ -1,5 +1,5 @@
 {
-  "version": "1.23.3",
+  "version": "1.24.0",
   "dependencies": {
     "properties-reader": "^2.2.0"
   }