Error building configuration in an external startup class. post Function app Upgrade 3x to 4x

I have recently upgraded a function app from 3x to 4x following all the migration related tasks required for the upgrade.
https://learn.microsoft.com/en-us/azure/azure-functions/migrate-version-3-version-4?tabs=net7%2Cazure-cli%2Cwindows&pivots=programming-language-csharp

After upgrade when trying to start the app, I could see the app running and shows the runtime version as 4.27.5.21549 but there is also an error 'AZFD0005 Error building configuration in an external startup class.'

See full log below.
----------------
Error code
AZFD0005
Level
Error
Message
Error building configuration in an external startup class.
Details
Microsoft.Azure.WebJobs.Script.ExternalStartupException : Error building configuration in an external startup class. ---> Microsoft.Azure.WebJobs.Script.HostInitializationException : One or more loaded extensions do not meet the minimum requirements. For more information see https://aka.ms/func-min-extension-versions. ExtensionStartupType AzureStorageWebJobsStartup from assembly 'Microsoft.Azure.WebJobs.Extensions.Storage, Version=4.0.2.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35' does not meet the required minimum version of 4.0.4.0. Update your NuGet package reference for Microsoft.Azure.WebJobs.Extensions.Storage to 4.0.4 or later. at Microsoft.Azure.WebJobs.Script.DependencyInjection.ScriptStartupTypeLocator.ValidateExtensionRequirements(List`1 startupTypes) at /_/src/WebJobs.Script/DependencyInjection/ScriptStartupTypeLocator.cs : 336 at async Microsoft.Azure.WebJobs.Script.DependencyInjection.ScriptStartupTypeLocator.GetExtensionsStartupTypesAsync() at /_/src/WebJobs.Script/DependencyInjection/ScriptStartupTypeLocator.cs : 222 at System.Runtime.ExceptionServices.ExceptionDispatchInfo.Throw() at Microsoft.Azure.WebJobs.Script.DependencyInjection.ScriptStartupTypeLocator.<.ctor>b__10_0() at /_/src/WebJobs.Script/DependencyInjection/ScriptStartupTypeLocator.cs : 53 at System.Lazy`1.ViaFactory(LazyThreadSafetyMode mode) at System.Lazy`1.ExecutionAndPublication(LazyHelper executionAndPublication,Boolean useDefaultConstructor) at System.Lazy`1.CreateValue() at System.Lazy`1.get_Value() at Microsoft.Azure.WebJobs.Script.DependencyInjection.ScriptStartupTypeLocator.GetStartupTypes() at /_/src/WebJobs.Script/DependencyInjection/ScriptStartupTypeLocator.cs : 68 at Microsoft.Azure.WebJobs.WebJobsBuilderExtensions.UseExternalConfigurationStartup(IWebJobsConfigurationBuilder builder,IWebJobsStartupTypeLocator startupTypeLocator,WebJobsBuilderContext context,ILoggerFactory loggerFactory) at D:\a\_work\1\s\src\Microsoft.Azure.WebJobs.Host\Hosting\WebJobsBuilderExtensions.cs : 362 at Microsoft.Azure.WebJobs.Script.ScriptHostBuilderExtensions.<>c__DisplayClass7_3.<AddScriptHostCore>b__8(IWebJobsStartupTypeLocator locator) at /_/src/WebJobs.Script/ScriptHostBuilderExtensions.cs : 253 End of inner exception

Did anyone face this issue? Any help appreciated.